Partnership current postal address - Country: This field should be left blank. Partnership previous postal address - Country: This field should be left blank. Business address of main business- Country- Business and professional items Postal address of previous tax return if it has changed- Country if outside Australia Current postal address of partnership- Country if outside Australia Business Address of main business - Country : This field should be left blank. Partner Postal Address - Country: This field should remain blank. Country of partner if outside Australia Business address of main business- Country code- Business and professional items Postal address of previous tax return if it has changed- Country code Country Code of partnership Partnership currect postal address - Country Code: The Partnership current postal address country code is to be set to any of the allowable codes as listed in the taxonomy. Partnership previous return postal address - Country Code: The Partnership previous postal address country code is to be set to any of the allowable codes as listed in the taxonomy. Business address of main business - Country Code: The main business address country code is to be set to any of the allowable codes as listed in the taxonomy. Country code of partner if outside Australia Partner Postal Address - Country Code: The Partner postal address country code is to be set to any of the allowable codes as listed in the taxonomy. Partnership current postal address - Currency code: The current postal address currency code should be set to C for Current. This is a mandatory field. Partnership previous return postal address - Currency Code: The previous postal address currency code should be set to P for Previous. This is a mandatory field. Business address of main business - Currency Code: The main business address currency code should be set to C for Current. This is a mandatory field. Business address of main business- Currency code- Business and professional items Postal address of previous tax return if it has changed- Currency code Current postal address of partnership- Currency code Postal address of partner- Currency code Partner postal address - Currency code: The Partner postal address currency code must be set to C for Current. This is a mandatory field. Partnership current postal address - Street name and number line 1: Enter the street name and number of the current postal address of the partnership. If the address has not changed, enter it exactly as shown on the last tax return lodged. This is a mandatory field. Partnership previous return postal address - Street name and number line 1: Enter the street name and number of the previous postal address of the partnership. This is a mandatory field. Business address of main business - Street name and number line 1: Enter the street name and number of the business address of the main business. This is the place where most of the business decisions are made. This is a mandatory field. Business address of main business - Street name and number line 1- Business and professional items Postal address of previous tax return if it has changed- Street name and number line 1 Current postal address of partnership- Street name and number line 1 Partner postal address - Street name and number line 1: Enter the street name and number of the current postal address. If the address has not changed, enter it exactly as shown on the last tax return lodged. This is a mandatory field. Postal address of partner- Street name and number line 1 Partnership current postal address - Street name and number line 2: Enter the street name and number of the current postal address. If the address has not changed, enter it exactly as shown on the last tax return lodged. Partnership previous return postal address - Street name and number line 2: Enter the street name and number of the previous postal address. If the address has not changed, enter it exactly as shown on the last tax return lodged. Business address of main business - Street name and number line 2: Enter the street name and number of the main business address. If the address has not changed, enter it exactly as shown on the last tax return lodged. Business address of main business- Street name and number line 2- Business and professional items Postal address of previous tax return if it has changed- Street name and number line 2 Current postal address of partnership- Street name and number line 2 Partner postal address - Street name and number line 2 : Enter the street name and number of the current postal address. If the address has not changed, enter it exactly as shown on the last tax return lodged. Postal address of partner- Street name and number line 2 Partnership current postal address - Street name and number line 3: This field should be left blank. Partnership previous return postal address - Street name and number line 3: This field should be left blank. Business address of main business - Street name and number line 3: This field should be left blank. Business address of main business- Street name and number line 3- Business and professional items Postal address of previous tax return if it has changed- Street name and number line 3 Current postal address of partnership- Street name and number line 3 Partner postal address - street name and number line 3: This field should be left blank. Postal address of partner- Street name and number line 3 Partnership current postal address - Street name and number line 4: This field should be left blank. Partnership previous return postal address - Street name and number line 4: This field should be left blank. Business address of main business - Street name and number line 4: This field should be left blank. Business address of main business- Street name and number line 4- Business and professional items Postal address of previous tax return if it has changed- Street name and number line 4 Current postal address of partnership- Street name and number line 4 Partner postal address - street name and number line 4: This field should be left blank. Postal address of partner- Street name and number line 4 Partnership current postal address - Suburb/Town: Enter the Suburb or Town of the current postal address of the partnership. If the address has not changed, enter it exactly as shown on the last tax return lodged. This is a mandatory field. Partnership previous return postal address - Suburb/Town: Enter the Suburb/Town of the previous postal address of the partership. This is a mandatory field. Business address of main business - Suburb/Town: Enter the suburb or town of the business address of main business. This is the place where most of the business decisions are made. This is a mandatory field. Business address of main business - Suburb/Town- Business and professional items Postal address of previous tax return if it has changed- Suburb/Town Current postal address of partnership- Suburb/Town Partner Postal address - Suburb/Town: Enter the suburb or town of the current postal address. If the address has not changed, enter the address exactly as shown on the last tax return lodged. This is a mandatory field. Suburb/town of partner Partnership current postal address - Overseas address indicator: If the current partnership postal address is located overseas then set the field to TRUE otherwise set to FALSE. This is a mandatory field. Partnership previous return postal address - Overseas address indicator: If the previous partnership postal address is located overseas then set the field to TRUE otherwise set to FALSE. This is a mandatory field. Business address of main business - Overseas address indicator: Overseas address indicator: If the main business address is located overseas then set the field to TRUE otherswise set to FALSE. This is a mandatory field. Business address of main business - Overseas address indicator- Business and professional items Postal address of previous tax return if it has changed- Overseas address indicator Current postal address of partnership- Overseas address indicator Partner postal address - overseas address indicator: If the partner postal address is located overseas then set the field to TRUE otherwise set to FALSE. This is a mandatory field. Postal address of partner- Overseas address indicator Partnership current postal address - Postcode: Enter the postcode of the current postal address of the partnership. If the address has not changed, enter it exactly as shown on the last tax return lodged. This is a mandatory field. Partnership previous return postal address - PostCode: Enter the postcode of the previous postal address of the partnership. This is a mandatory field. Business address of main business - Postcode: Enter the postcode of the business address of the main business. This is the place where most of the business decisions are made. Business address of main business - Postcode- Business and professional items Postal address of previous tax return if it has changed- Postcode Current postal address of partnership- Postcode Partner postal address - Postcode: Enter the postcode of the current postal address. If the address has not changed, enter the address exactly as shown on the last tax return lodged. Postcode of partner- Australia only Partnership current postal address - State: Enter the appropriate code for the state of the current postal address of the partnership. If the address has not changed, enter it exactly as shown on the last tax return lodged. This is a mandatory field. Partnership previous return postal address - State: Enter the state of the previous postal address of the partnership. This is a mandatory field. Business address of main business - State: Enter the appropriate code for the state of the business address of the main business. This is the place where most of the business decisions are made. Business address of main business - State- Business and professional items Postal address of previous tax return if it has changed- State Current postal address of partnership- State Partner postal address - State: Enter the appropriate code for the state of the current postal address. If the address has not changed, enter the address exactly as shown on the last tax return lodged. State of partner- Australia only Tax Agent Telephone Area Code: Enter the prefix or area code of a daytime contact telephone number of the Tax Agent. Tax Agent telephone area code Tax Agent Telephone number: Enter the daytime contact telephone number of the Tax Agent. Do not include the prefix or area code of the contact telephone number. This is a mandatory field. Tax Agent telephone number Tax Agent telephone - service line code: Enter the tax agent telephone service line code; either '01' for Mobile or '02' for Land line or fixed line. This is a mandatory field. Tax Agent telephone service line code Tax Agent telephone - usage code: The tax agent telephone usage code should be set to 03 for Contact. This is a mandatory field. Tax Agent telephone usage code Consolidated subsidiary member indicator: Set the field to TRUE to indicate that the partnership was a consolidated subsidiary member of a consolidated group at any time during the income year. In this case the tax return is for the period during which the partnership was not a subsidiary member of a consolidated group in the income year. If Status of business - Consolidated Subsidiary Member is completed, the partnership does not need to complete a thin capitalisation schedule, or Schedule 25A. Also, the partnership does not need to complete a capital gains tax schedule. Set the field to FALSE to indicate that the partnership was NOT a consolidated subsidiary member of a consolidated group at any time during the income year. Consolidation status- Consolidated subsidiary member indicator Name of partnership- Currency code Previous name of partnership- Currency code Business name of main business - currency code Partnership current name - Currency Code: The Partnership current name currency code must be set to C for Current. This is a mandatory field. Partnership previous name - Currency code: The Partnership previous name currency code must be set to P for Previous. This is a mandatory field. Business name of main business - Currency Code: The main business name currency code must be set to C for Current. This is a mandatory field. Mail recipient partner non-individual name - currency code Mail recipient partner non-individual name - Currency code: The mail recipient partner non-individual name currency code must be set to C for Current. This is a mandatory field. Name currency code- Non-individual partner Partner non-individual Name - Currency code: The Partner non-individual name currency code must be set to C for Current. This is a mandatory field. Partnership current name - type code: The partnership current name type code should be set to MN for Main. This is a mandatory field. Partnership previous name - type code: The partnership previous name type code should be set to MN for Main. This is a mandatory field. Name type code of Partnership Previous name of partnership- Name type code Business name of main business- Type code- Business and professional items Business name of main business - Type code: The main business name type code should be set to MTR for Main Trading Name. This is a mandatory field. Mail recipient partner non-individual name - type code: The mail recipient partner non- individual name type code should be set to MN for Main. This is a mandatory field. Name type code of mail recipient- Non-individual partner Partner non-individual name - type code: The partner non-individual name type code should be set to MN for Main. This is a mandatory field. Name type code of non-individual partner Partnership current name: Enter the full name of the partnership as shown on all official documents or legal papers. The partnership name should be consistent from year to year, except in the year of a name change. If the partnership name is legally changed, advise the Tax Office in writing at the time the change is made. This is a mandatory field. Partnership previous name: Enter the organisation's previous name as shown on all official documents or legal papers. This is a mandatory field. Business name of main business: Enter the current business name on the tax return. The business name of the main business activity should be consistent from year to year, except in the year of a name change or if it is no longer the main business. If the business name is legally changed, written advice of the change should be sent to the Tax Office at the time the change is made. This is a mandatory field. Name of partnership Previous name of partnership Business name of main business- Business and professional items Mail recipient partner non-individual name: If the partner is a company, enter the name and the Australian Business Number (ABN) of the company. If the partner is a trustee of a trust, enter the name of the trust and the trustee. If the trustee is a company enter the name and ABN of the company. This is a mandatory field. Name of mail recipient- Non-individual partner Partner non-individual name: Enter the name of the company or organisation. This is the full title of an organisation’s name as shown on all official documents or legal papers. This is a mandatory field. Name of non-individual partner Mail recipient partner individual name - currency code: Mail recipient partner individual name currency code should be set to C for Current. This is a mandatory field. Name currency code of mail recipient- Individual partner Name currency code- Individual partner Partner individual name - Currency code: The Partner individual name currency code must be set to C for Current. This is a mandatory field. Mail recipient partner individual - Title: Enter the surname or family name of the individual. This is a mandatory field. Surname/family name of mail recipient- Individual partner Partner individual - Family name: Enter the surname or family name the partner to whom the distribution statement should be sent. This is a mandatory field. Surname/family name of individual partner Mail reciptient partner individual - Given Name: Enter the first given name of the individual. First given name of mail recipient- Individual partner Partner individual - Given name: Enter the first name or given name of the partner to whom the distribution statement should be sent. First given name of individual partner Mail recipient partner individual - Suffix: Enter the suffix of the individual as per the allowable codes listed in the taxonomy. Suffix of mail recipient- Individual partner Suffix of individual partner Partner individual - Suffix: The Partner inidividual suffix may be set to any of the allowable values as listed in the taxonomy. Mail recipient partner individual - Other given names: Enter the other given names of the individual. Other given names of mail recipient- Individual partner Partner individual - Other Given Names: Enter the other given names of the partner to whom the distribution statement should be sent. Other given names of individual partner Mail recipient partner individual name - type code: The mail recipient partner individual name type code should be set to LGL for Legal. This is a mandatory field. Name type code of mail recipient- Individual partner Partner individual name - type code: The partner individual name type code should be set to LGL for Legal. This is a mandatory field. Name type code of individual partner Mail recipient partner individual - Title: Enter the title of the individual as per the allowable codes listed in the taxonomy. If the partner is a company, show the name and the ABN of the company. If the partner is a trustee of a trust, show the name of the trust and the trustee. If the trustee is a company show the name and ABN of the company. This is a mandatory field. Title of mail recipient- Individual partner Title of individual partner Partner individual - Title :The Partner individual title may be set to any of the allowable values as listed in the taxonomy. Tax Agent Declaration Person Name Tax Agent Declaration - Person Name: It may contain a complete name (first, family and other given names) or parts of it. This representation of a person's name is commonly used where the name is not used for proof of identity matching hence it is not required to be strongly validated. Examples of its use are: The name of the person who is used as a contact on behalf of an Organisation or the name of the recipient of a correspondence. This is a mandatory field. Tax Agent contact name: Enter the agent contact name. This element is used to capture the Title, First name, other name and full name of the Tax Agent. This is a mandatory field. Tax Agent contact name Reporting Party Declaration Person Name Reporting Party Declaration Person Name: It may contain a complete name (first, family and other given names) or parts of it. This representation of a person's name is commonly used where the name is not used for proof of identity matching hence it is not required to be strongly validated. Examples of its use are: The name of the person who is used as a contact on behalf of an Organisation or the name of the recipient of a correspondence. This is a mandatory field. Tax Agent Declaration Signatory Identifier Text Tax Agent Declaration Signatory Identifier Text: The identifier used can be specified by the ABR credential owner providing it allows identification. Examples of suitable identifiers include a user login, a full name or an E-mail address. This is a mandatory field. Reporting Party Person Declaration Signatory Identifier Text Reporting Party Person Declaration Signatory Identifier Text: The identifier used can be specified by the ABR credential owner providing it allows identification. Examples of suitable identifiers include a user login, a full name or an E-mail address. This is a mandatory field. Tax Agent Declaration Signature Date Tax Agent Declaration Signature Date: The Tax Agent declaration signature date should be the actual date the declaration was made. This is a mandatory field. Reporting Party Person Declaration Signature Date Reporting Party Person Declaration Signature Date: The Reporting Party person declaration signature date should be the actual date the declaration was made. This is a mandatory field. Tax Agent Declaration Statement Accepted Indicator Tax Agent Declaration Statement Accepted Indicator: The Tax Agent declaration statement accepted indicator must be set to TRUE if the statemet is accepted, and set to FALSE if the statement is not accepted. This is a mandatory field. Reporting Party Person Declaration Statement Accepted Indicator Reporting Party Person Delcaration Statement Accepted Indicator: The Reporting Party person declaration statement accepted indicator must be set to TRUE if the statemet is accepted, and set to FALSE if the statement is not accepted.This is a mandatory field. Tax Agent Declaration Statement Text Tax Agent Declaration Statement Text: The Tax Agent declaration statement text should constist of a confirmation of the details required. This is a mandatory field. Reporting Party Person Declaration Statement Text Reporting Party Person Declaration Statement Text: The Reporting Party person declaration statement text should constist of a confirmation of the details required. This is a mandatory field. Final Tax Return: Set the field to TRUE if the partnership intends to lodge future tax returns. Otherwise, set the field to FALSE. This is a mandatory field. Final tax return Hours taken to prepare and complete this form: Enter the hours taken to prepare and complete this form. When completing this question consider the time, rounded up to the nearest hour, that the business spent: - reading the instructions - collecting the necessary information to complete this return - making any necessary calculations - actually completing the return Hours taken to prepare and complete this form The year the Partnership tax return relates to Year of return: Enter the financial year or income year which the information provided in the report refers to. This is a mandatory field. Small business and general business tax break- Business and professional items Business - Small business and general tax break: The tax break provides the following deductions for: Small business entities (turnover of less than $2 million a year) – an additional tax deduction of 50% of the cost of eligible new tangible depreciating assets is available where the business - commits to investing in the asset between 13 December 2008 and 31 December 2009 inclusive, and - first uses the asset, or installs it ready for use, or (in the case of new investment in an existing asset) brings the asset to its modified or improved state, on or before 31 December 2010 Other business entities (turnover of $2 million or more a year) – an additional tax deduction of 30% of the cost of eligible new tangible depreciating assets is available where the business - commits to investing in the asset between 13 December 2008 and 30 June 2009 inclusive, and - first uses the asset, or installs it ready for use, or (in the case of new investment in an existing asset) brings the asset to its modified or improved state, on or before 30 June 2010 – an additional tax deduction of 10% of the cost of eligible new tangible depreciating assets is available where the business - commits to investing in the asset between 13 December 2008 and 30 June 2009 inclusive, and - first uses the asset, or installs it ready for use, or (in the case of new investment in an existing asset) brings the asset to its modified or improved state, between 1 July 2010 and 31 December 2010 – an additional tax deduction of 10% of the cost of eligible new tangible depreciating assets is available where the business - commits to investing in the asset between 1 July 2009 and 31 December 2009 inclusive, and - first uses the asset, or installs it ready for use, or (in the case of new investment in an existing asset) brings the asset to its modified or improved state, on or before 31 December 2010. Generally, a business ‘commits’ to investing when: - it enters into a contract under which the asset is held - it starts to construct the asset, or n it starts to hold the asset in some other way. The tax break applies to new tangible depreciating assets for which a deduction is available under Subdivision 40-B of the ITAA1997 and certain new investments in existing assets. FMIS product or private ruling - code: If the trust’s interests in FMIS are covered by a product ruling, then enter the code "PR". If the partnership’s or trust’s interests in FMIS are covered by a private ruling/s, then enter the code "AN" and leave Year blank. This is a mandatory field. Forestry managed investment scheme deduction-Product or private ruling information- Code FMIS product or private ruling - number: Enter the forestry managed investment scheme deduction number. If the partnership’s interests in FMIS are covered by a product ruling, then enter the product ruling number. Forestry managed investment scheme deduction-Product or private ruling information- Number FMIS product or private ruling - year: If the partnership’s interests in FMIS are covered by a product ruling, then enter the year of the product ruling. Valid years are 1998 onwards. Forestry managed investment scheme deduction-Product or private ruling information- Year Non primary production- Assessable government industry payments code- Australian business income Non-primary production - Assessable government industry payments code: If the Non-Primary Production Assessable government industry payments amount includes fuel tax credit or a fuel grant under the energy grants credits scheme, fuel sales grant or a product stewardship (oil) benefit, then enter 'D' here. Otherwise leave the field blank. Primary production- Assessable government industry payments code- Australian business income Primary Production - Assessable government industry payments code: If the Primary Production Assessable government industry payments amount includes fuel tax credit or a fuel grant under the energy grants credits scheme, fuel sales grant or a product stewardship (oil) benefit, then enter 'D' here. Otherwise leave the field blank. Non Primary Production - Assessable government industry payments: Enter the total amount of assessable government industry assistance. Examples are bounties, employee subsidies, export incentives grants, fuel grant under the energy grants credits scheme, fuel tax credits, industry restructure and adjustment payments, product stewardship (oil) benefit, producer rebate (wine equalisation tax). Non-primary production- Assessable government industry payments- Australian business income Primary Production - Assessable government industry payments: Enter the total amount of assessable government industry assistance. Medical practices should enter their Medicare payments at the Other business income field, not at the Assessable government industry payments field. Primary production- Assessable government industry payments- Australian business income Partner share - of Net small business entity income: Enter the amount of Net small business entity income that has been distributed to a partner. This amount is a component of Net small business entity income recorded in the return. This field may not be returned as a negative. Partner share - of Net small business entity income National rental affordability scheme tax offset entitlement Business - National rental affordability scheme (NRAS) tax offset entitlement: Partners entitled to the NRAS tax offset must show the entitlement at this item and at 63 Statement of distribution. The amount of the entity’s tax offset is the amount stated in the certificate issued by the Secretary of the Department of Families, Housing, Community Services and Indigenous Affairs. However, if the Secretary issues the entity with an amended certificate under the National Rental Affordability Scheme Act 2008, the amount of the entity’s tax offset is the amount stated in the amended assessment. Partner share of National rental affordability scheme tax offset Partner share - National rental affordability scheme (NRAS) tax offset: The total of all the partner shares must equal the amount of NRAS tax offset entitlement on the Return. Contractor, sub-contractor and commission expenses: Enter the amount of expenditure incurred for labour and services provided under contract other than those in the nature of salaries and wages. Payments to self-employed people such as consultants and contractors including payments subject to a PAYG voluntary agreement to withhold and payments made under a labour hire arrangement of commissions paid to people not receiving a retainer, agency fees (such as advertising), service fees (such as plant service), management fees, consultant fees. Contractor, sub-contractor and commission expenses- Australian business expenses Non Primary Production - Gross payments where ABN not quoted: Enter the gross income received by the partnership that was subject to withholding where an ABN was not quoted. This includes amounts of tax withheld. If an amount is shown at Business income and expenses- Primary production - Gross payments where ABN not quoted and/or Business income and expenses- Non-primary production - Gross payments where ABN not quoted, complete a Non-individual PAYG payment summary schedule and attach the completed schedule to the Return. Enter the corresponding amount of tax withheld at Tax withheld where ABN not quoted. Non-primary production- Gross payments where ABN not quoted- Australian business income Primary Production (PP) - Gross payments where ABN not quoted: Enter the amount of gross income received by the partnership that was subject to withholding where an ABN was not quoted. This includes amounts of tax withheld. If an amount is shown at Business income and expenses- Primary production - Gross payments where ABN not quoted and/or Business income and expenses- Non-primary production - Gross payments where ABN not quoted, complete a Non-individual PAYG payment summary schedule and attach the completed schedule to the Return. Enter the corresponding amount of tax withheld at Tax withheld where ABN not quoted. Primary production- Gross payments where ABN not quoted- Australian business income Partner 18 or over without control - indicator: Set the field to TRUE if a partner aged 18 years or more on the last day of the partnership’s income year does not have real and effective control and disposal of part or the whole of their share of partnership net income, the partner pays further tax – see section 94 of the ITAA 1936. Real control depends on the constitution and control of the partnership and the conduct of its operations. Broadly, there is a lack of real control if the partner must allow any part of their share of income to be dealt with in a particular way so that the partner cannot, on their own, deal with it in another way. Otherwise set the field to FALSE. Partner 18 or over without control- Indicator Non primary production - Gross payments subject to foreign resident withholding: Enter the amount of gross payments to the partnership that were regulated foreign resident income. Gross payments include amounts withheld. Do not include payments where the amount was varied to nil under the foreign resident withholding measure because the income was not taxable under a double tax agreement. If an amount is shown at Business income and expenses- Non-primary production- Gross payments subject to foreign resident withholding, complete a Non-individual PAYG payment summary schedule and attach the completed schedule to the Return. Non-primary production- Gross payments subject to foreign resident withholding- Australian business income Primary production- Gross payments subject to foreign resident withholding- Australian business income Primary Production - Gross payment subject to foreign resident withholding: Enter the amount of gross payments to the trust that were regulated foreign resident income in relation to primary production. Gross payments include amounts withheld. Do not include payments where the amount was varied to nil under the foreign resident withholding measure because the income was not taxable under a double tax agreement. Business - Payments to associated persons: Enter the amounts, including salaries, wages, commissions, superannuation contributions or allowances, paid to the trustee’s relatives or partnerships in which a relative of the trustee is a partner. Also include the amounts of salaries and wages paid to an associated person, relative, principal, agent, related entity and/or associate entity at Total salary and wage expenses. Payments to associated persons- Business and professional items Business - Fringe benefit employee contributions: Enter the amount of fringe benefit employee contributions. This includes all payments the trust has received from recipients of fringe benefits. Fringe benefit employee contributions- Business and professional items Interposed Entity Election revocation code: If applicable, enter the code "R" for Revoke if the interposed entity election made by the partnership is being revoked from a time in the income year. An Interposed entity election or revocation form must be completed and lodged with this Return. This label is used as a trigger to ensure the revocation is attached to the Return. Interposed entity election revocation- code Interposed Entity Election Status - Specified Income Year: If the partners have an existing election, write the earliest income year specified. If the partners are making one or more elections this year, write the earliest income year being specified and complete an Interposed entity election or revocation for each election. Interposed Entity Election Status- Earliest income year specified Partnership Australian Business Number (ABN): Enter the ABN of the partnership. Australian Business Number of partnership Mail recipient patner non-individual - ABN: If the partner is a company, enter the Australian Business Number (ABN) of the company. If the partner is a trustee of a trust, this can be left blank. If the trustee is a company, enter the ABN of the company. ABN of mail recipient- Non-individual partner Tax Agent Client's reference: Enter the client's reference. This element is used for correspondence or contact by the ATO to the Tax Agent to facilitate the identification of their client. Tax Agent Client's reference Tax Agent reference number: Enter the Tax Agent Number (TAN). If the TAN consists of only seven digits, it is an old registration and you will need to add a '0' (zero) in front of the first four digits of the TAN. Tax Agent number Partnership TFN: Enter the TFN for the partnership described within the form. This is a mandatory field. TFN of former partnership: Enter the Tax File Number (TFN) of the former partnership. Partnership Tax File Number Tax File Number of former partnership Partner TFN: Insert the TFN of the partner, which may be an individual, Trust or Company. If the TFN is not quoted in this field, then the name and address of the entity receiving the distribution must be present. TFN of partner Partnership current postal address - Usage Code: The current postal address usage code should be set to POS for Postal. This is a mandatory field. Partnership previous return postal address - Usage Code: The previous postal address usage code should be set to POS for Postal. This is a mandatory field. Business address of main business - Address usage code: The main business address usage code should be set to BUS for Business. This is a mandatory field. Business address of main business - Address usage code- Business and professional items Postal address of previous tax return if it has changed- Usage code Current postal address of partnership- Usage code Partner postal address - usage code: The parter postal address usage code should be set to POS for Postal. This is a mandatory field. Address usage code of partner Tax Agent Declaration Statement Type Code Tax Agent Declaration Statement Type Code: The Tax Agent declaration statement type code must be set to 'TrueAndCorrect'. This is a mandatory field. Reporting Party Person Declaration Statement Type Code Reporting Party Person Declaration Statement Type Code: The Reporting Party declaration statement type code must be set to 'TrueAndCorrect'. This is a mandatory field. Description of main business activity: Enter the description as accurately as possible of the business activity from which the partnership derived the most gross income - for example, beef cattle breeding, vegetable growing, clothing manufacturing, confectionary wholesaling, domestic appliance retailing, investing in shares and stocks, investing in residential property. General descriptions such as farming, manufacturing, wholesaling, investing or trust are not to be used. Description of main business or professional activity Primary production- Distribution from trusts action code Primary Production - Distribution from trusts action code: Codes that can be entered are: M - Cash management unit trust D - Deceased estate I - Discretionary trust, - income from investment activities S - Discretionary trust - income from service and management services T - Discretionary trust - income is from trading activites U - Fixed unit trust - other than a public unit trust described in P or Q F- Fixed trust - other than fixed unit trust or public unit trust described in U, P or Q. H - Hybrid trust P - Public unit trust (listed) - other than a cash management unit trust Q - Public unit trust (unlisted) - other than a cash management unit trust Mail recipient partner individual name - usage code: The mail recipient partner individual name usage code should be set to 'MailRecipient'. This is a mandatory field. Name usage code of mail recipient- Individual partner Name useage code- Individual partner Partner individual - Name usage Code: The Partner individual name usage code must be set to LGL for Legal. This is a mandatory field. Tax Agent Declaration Person Name- Usage code Tax Agent Declaration Person Name - Usage Code: The Tax Agent declaration person name usage code must be set to 'DeclarationSignatory'. This is a mandatory field. Tax Agent contact name - usage code: The Tax Agent contact name usage code should be set to 'Contact'. This is a mandatory field. Tax Agent contact name- Usage code Reporting Party Declaration Person Name- Usage code Reporting Party Declaration Person Name - Usage code: The Reporting Party declaration person name usage code must be set to 'DeclarationSignatory'. This is a mandatory field. Industry Code: Enter the appropriate industry code, as per the allowables codes listed in the taxonomy, that relates to the activity from which the business derives the greatest gross income. Industry code Status of business: Classify the status of the business with one of the following codes: '01' for Multiple business, '02' for Ceased business, or '03' for Commenced business. Status of business Superannuation expenses: Enter the amount of employee superannuation expenses incurred for the income year. Employers are entitled to a deduction for contributions made to a complying superannuation, provident, benefit or retirement fund, or retirement savings account (RSA), where the contribution is to provide superannuation benefits for employees or to provide benefits to the employee’s dependants on the employee’s death. Superannuation benefits mean payments for superannuation member benefits or superannuation death benefits. A deduction can be claimed in the income year in which the contributions are made. Contributions made to a non-complying fund are not allowable as a deduction and do not count towards superannuation guarantee obligations. Superannuation expenses- Australian business expenses Business - Trading stock election: The partnership or trust may elect to value an item of trading stock below the lowest value of cost, market selling value, or replacement value, because of obsolescence or any other special circumstances. The value it elects must be reasonable. If an election is made, set the field to TRUE otherwise set the field to FALSE. Trading stock election- Business and professional items Dividends - Franked amount: Enter the amount of franked dividends received before any TFN amounts were withheld. Dividends- Franked amount Did you sell any goods or services using the Internet?: Set the field to TRUE to indicate that if, in deriving income, the internet was used to receive orders for goods and/or services - receive payment for goods and/or services deliver goods and/or services. Set the field to FALSE if the internet was used only to advertise goods or services, give support to customers, buy stock or do banking only. Did you sell any goods or services using the Internet? Other Australian income - Type of income: Enter the type of other Australian income. The following are some examples of the types of income that can be entered: Gains on the disposal of traditional securities, Bonuses from life insurance companies and friendly societies, Bonuses credited from friendly society income bonds. This is a mandatory field. Other Australian income - Type of income Business - Section 40-880 deduction:Enter the amount of the total of the partnership's deductions allowable under section 40-880. Taxpayer's are provided a five-year write-off for certain business related capital expenditure incurred in relation to a past, present or proposed business. The deduction applies to business-related capital expenditure incurred after 30 June 2005. Generally, the expenditure is only deductible to the extent the business is, was or is proposed to be carried on for a taxable purpose. A deduction cannot be claimed for capital expenditure to the extent that it: - can be deducted under another provision of the income tax laws - forms part of the cost of a depreciating asset the Trust holds, used to hold or will hold - forms part of the cost of land - relates to a lease or other legal or equitable right - would be taken into account in working out an assessable profit or deductible loss - could be taken into account in working out a capital gain or a capital loss from a CGT event - would be specifically not deductible under the income tax laws if the expenditure was not capital expenditure - is specifically not deductible under the income tax laws for a reason other than that the expenditure is capital expenditure - is of a private or domestic nature - is incurred in relation to gaining or producing exempt income or non-assessable non-exempt income - is excluded from the cost or cost base of an asset because, under special rules in the UCA or capital gains tax regimes respectively, the cost or cost base of the asset was taken to be the market value, or - is a return of or on capital (for example, distributions by trustees) or a return of a non-assessable amount (for example, repayments of loan principal). The Trust deducts 20% of the qualifying capital expenditure in the year it is incurred and in each of the following four years. Section 40-880 deduction- Business and professional items Capital works deductions: Enter the amount of capital works deductions. Calculate the total deduction amount for capital works for an income year for rental buildings only. Capital works deductions may be available for capital expenditure on the construction of buildings and structural improvements and extensions, alterations or improvements to either of those. A percentage of that expenditure may be eligible as a deduction. Capital works deductions are not available for expenditure on plant. Rent- Capital works deductions Business - Deduction for environmental protection expenses: Enter the amount of deduction for environmental protection expenses. A partnership can deduct expenditure to the extent that it is incurred for the sole or dominant purpose of carrying on environmental protection activities (EPA). EPA are activities undertaken to prevent, fight or remedy pollution or to treat, clean up, remove or store waste from the partnership’s earning activity. The earning activity is one the partnership carried on, carries on or proposes to carry on for the purpose of: - producing assessable income (other than a net capital gain) - exploration or prospecting, or - mining site rehabilitation. The Trust may also claim a deduction for cleaning up a site on which a predecessor carried on substantially the same business activity. The deduction is not available for: - bonds and security deposits - expenditure for acquiring land - expenditure for constructing or altering buildings, structures or structural improvements - expenditure to the extent that the partnership or trust can deduct an amount for it under another provision. Expenditure which forms part of the cost of a depreciating asset is not expenditure on EPA. Deduction for environmental protection expenses- Business and professional items Foregin Resident Witholding Expenses: Enter the amount of all expenses directly relating to gaining the income shown at Gross payments subject to foreign resident withholding. These amounts should not be shown at any other expenses label. Do not include any expenses that were incurred in gaining income that is not assessable in Australia. There will not be any primary production amounts for this field. Foreign resident withholding expenses- Australian business expenses Forestry managed investment scheme deduction: Enter the total amount of deductible payments made to an FMIS. Forestry managed investment scheme deduction- Amount Business - Deduction for project pool: Enter the amount of deduction for project pool. Show the partnership’s deductions for project amounts that are allocated to project pools. Taxpayer's can allocate certain capital expenditure incurred after 30 June 2001 directly connected with a project that is carried on, or proposed to be carried on, for a taxable purpose to a project pool and write it off over the project life. The capital expenditure, known as a project amount, must be expenditure incurred: - to create or upgrade community infrastructure for a community associated with the project – this expenditure must be paid, not just incurred, to be a project amount - for site preparation for depreciating assets (other than in draining swamp or low-lying land or in clearing land for horticultural plants including grapevines) - for feasibility studies for the project - for environmental assessments for the project - to obtain information associated with the project - in seeking to obtain a right to intellectual property - for ornamental trees or shrubs. Project amounts also include mining capital expenditure and transport capital expenditure. The expenditure must not otherwise be deductible or form part of the cost of a depreciating asset. The deduction for project amounts allocated to a project pool commences when the project starts to operate. Deduction for project pool- Business and professional items TOFA gains from unrealised movements in the value of financial arrangements- Taxation of financial arrangements TOFA gains from unrealised movements in the value of financial arrangements: Enter the TOFA gains from unrealised movements in the value of financial arrangements through the partnership. Forestry managed investment scheme income: Enter the total income from the following activities for each FMIS in which the partnership holds a forestry interest. Thinning receipts: If the partnership received thinning proceeds from its forestry interest, include the actual amount received. Sale and harvest receipts – forestry interest no longer held: If the partnership ceased holding its forestry interest as a result of a CGT event (because it sold its interest or it received harvest proceeds), include the market value of the forestry interest at the time of the CGT event. Sale and harvest receipts – forestry interest still held: If a CGT event happened and the partnership still held its forestry interest (because it sold part of its interest or there was a partial harvest), include the amount by which the market value of the forestry interest was reduced. Forestry managed investment scheme income Net Australian income or loss: Enter the amount of net income or loss relating to Australian income - that is, total Australian income minus total deductions. This is a mandatory field. Net Australian income or loss- excluding capital gains Net foreign income: Enter the amount of net income derived from foreign sources. This the gross amount less any deductions allowable to the partnership against that income. Do not show a loss at this label. Net amount of Other assessable foreign source income, excluding income shown at Attributed foreign income Net non primary production income or loss: Enter the net income or loss from non-primary production business. The net income or loss is the total business income less total expenses incurred in producing that income, adjusted by any reconciliation items. Net Non-Primary production income or loss- Australian business income and expenses Net primary production income or loss: Enter the net income or loss from primary production business. The net income or loss from business is total business income less total expenses incurred in producing that income, adjusted by any reconciliation items. Net Primary production income or loss- Australian business income and expenses Primary Production (Distribution from partnership): Enter the amount of primary productions income or loss distribution from other partnerships. Primary production- Distribution from partnerships Primary Production (Distribtion from trusts): Enter the amount of primary production income distribution from other trusts. Include income to which the trust became presently entitled in the income year but has not yet received. This amount can be a negative number to indicate a loss. Primary production- Distribution from trusts Business - Purchases and other costs: Enter the cost of direct materials used for manufacture, sale or exchange in deriving the gross proceeds or earnings of the business. Former STS taxpayers - If the partnership is continuing in the STS this year and has chosen to continue using the STS accounting method, only show purchases and other costs which the partnership has paid. Purchases and other costs- Business and professional items Gross interest: Enter the gross amount of interest from banks and credit unions, building societies, debentures, notes and deposits, income accrued on discounted or deferred interest securities, government securities, Australian Government loans issued before 1 November 1968 and interest paid by the Tax Office. The total - that is the gross amount of interest received or credited - must be included in assessable income. Do not include non-share dividends received from holding a non-share equity interest. If the partnership holds such an interest, the issuer is obliged to forward a dividend statement with details of the dividends, which should be shown at Dividends. Further information on non-share dividends and non-share equity interests is in Debt and equity tests. Gross interest including Australian Government loan interest Other rental deductions: Enter the total of other deductible expenses incurred in earning rental income. If the partnership is registered for GST and GST is payable in relation to rental income, exclude any input tax credit entitlements that arises in relation to expenses from the amount shown at Rent - Other rental deductions. Expenses listed here that are costs associated with borrowing and servicing debt may not be allowable deductions under the thin capitalisation rules. Deductions for the decline in value of depreciating assets used to earn rental income are generally shown at Other rental deductions. However, if the partnership has allocated some of these assets to a low-value pool, the deductions may need to be shown at Other deductions. Rent- Other rental deductions Share of franking credit from franked dividends: Enter the amount of the partnership's share of any franking credits from an Australian franking company received through another partnership or trust. Show franking credits received directly from a paying Australian franking company at Franking credit under dividends. Do not show franking credits relating to a dividend received through another partnership or trust if any of the following apply: - They were attributable to a distribution from a New Zealand franking company. - The holding period rule and related payments rule were not satisfied in relation to the dividend. - FTDT has been paid on the dividend paid or credited by a company which has made an interposed entity election. The dividend is excluded from assessable income. A franking credit or tax offset cannot be claimed for any franking credit attached to that dividend. - The trustee of a closely held trust is subject to UBNT on a share of net income of that trust. The trustee beneficiary (and as a result any subsequent beneficiary) does not need to include that share of net income in their own assessable income and a credit or tax offset cannot be claimed for any franking credit attached to that dividend Share of franking credit from franked dividends Partner share - Franking credit: Enter the amount of franking credits for franked dividends that has been distributed to a partner. This amount is a component of Share of franking credit from franked dividends and Franking credit recorded in the return. Include the partner's share of franking credit received directly from a franking entity or received through a partnership or trust. This field may not be returned as a negative. Franking credit- Partner share Partner share - Australian franking credits from a New Zealand company: Enter the amount of Australian franking credits that were attached to franked dividends received from a New Zealand company either directly or indirectly through another partnership or trust that has been distributed to a partner. This field may not be returned as a negative. Australian franking credits from a New Zealand company- Partner share Australian franking credits from a New Zealand company: Enter the amount of Australian franking credits that are included in the net income of the partnership because of franked dividends received from a New Zealand franking company directly or indirectly through another partnership or trust. Australian franking credits from a New Zealand company- Other assessable foreign source income, excluding income shown at Attributed foreign income Share of credit for TFN amounts withheld from interest, dividends and unit trust distributions: Enter the amount of share of credit for TFN amounts withheld from interest and dividends. Unless the partnership claimed an exemption or lodged a TFN, the investment body may withhold amounts from interest, dividends and unit trust distributions. These are called ‘TFN amounts withheld’. The current rate is 46.5% of the payment made. Enter the relevant field of the share of the net amount of TFN amounts withheld on interest, dividends and unit trust distributions relating to a distribution from another partnership or trust. Credits for TFN amounts withheld are allowed in the assessments of the partners, beneficiaries or trustees. Share of credit for TFN amounts withheld from interest, dividends and unit trust distributions Share of credit for tax whitheld where ABN not quoted: If the income shown includes any share of amounts withheld where an ABN was not quoted, enter the share of that credit. Share of credit for tax withheld where ABN not quoted Partner share - Credit for tax withheld where ABN not quoted: Enter the amount of Credit for tax withheld where ABN not quoted that has been distributed to a partner. The total of shares equals the sum of any credit shown on the Return at: - Tax withheld where ABN not quoted, and - Share of credit for tax withheld where ABN not quoted. This field may not be returned as a negative. Credit for tax withheld where ABN not quoted-Partner share Tax with held where ABN not quoted: Enter the total of amounts withheld from income subject to withholding where an ABN was not quoted. This amount equals the sum of the amounts shown in the tax withheld boxes on the Non-individual PAYG payment summary schedule. Do not include any share of amounts withheld that is a distribution from another trust where an ABN was not quoted. Show this at Share of credit for tax withheld where ABN not quoted. If an amount of tax withheld is show, the corresponding gross income must be declared under Income - Gross payments where ABN not quoted. Tax withheld where ABN not quoted Share of credit for tax withheld from foreign resident witholding: Amounts may be withheld from some payments to specific recipients due to the operation of the foreign resident withholding measure. These payments relate to entertainment or sports activities, construction and related activities and casino gaming junket activities. Enter the partnership's share of any foreign resident withholding credits received from other partnerships and/or trusts. Ensure that this amount is included in the gross distribution amount at Distribution from partnerships, less foreign income or Distribution from trusts, less net capital gain and foreign income. Share of credit for tax withheld from foreign resident withholding Partner share - Credit for tax withheld - foreign resident witholding: Enter the amount of credit for amounts withheld under foreign resident withholding that has been distributed to a partner. This amount is a component of Credit for tax withheld - foreign resident withholding and Share of credit for tax withheld from foreign resident withholding recorded in the return. This field may not be returned as a negative. Credit for tax withheld - foreign resident withholding-Partner share Credit for tax withheld - Foreign resident withholding: Enter the total amount of tax withheld from payments subject to foreign resident withholding. Do not include any share of foreign resident withholding credits distributed to the partnership from other partnerships and/or trusts. These are shown under partnership and trusts distribution. If a credit is claimed for tax withheld under foreign resident withholding, the corresponding gross payment must be shown under income Gross payments subject to foreign resident withholding. Credit for tax withheld- foreign resident withholding Schedule 25A must be completed where the answer = TRUE. The International dealings schedule- financial services may also need to be completed if you are a financial service provider. Overseas transactions- Was the aggregate amount of your transactions or dealings with international related parties (including the value of any property or service transferred or the balance of any loans) greater than $1 million? Transactions with specified countries: After considering the following questions set the field to TRUE for Yes or FALSE for No: Did you send any funds or property to, or receive any funds or property from any of the countries listed? This includes sending or receiving funds or property indirectly – for example, through another entity or country. Do you have the ability to control the disposition of any funds, property, investments, or any other assets located in any of the countries listed? This includes: a. funds or assets that may be located elsewhere but are controlled or managed from one of the countries listed, and b. where you have an expectation that you are able to control the disposition of the funds or assets, or you have the capacity to control the disposition indirectly – for example, through associates. This is a mandatory field. Were any funds or property sent to, or received from, a specified country? OR Does the fund have the ability or expectation to control the disposition of any funds, property, assets or investments located in or elsewhere, but controlled or managed from one of those countries? Dividends - Franking credit: Enter the amount of franking credits received directly from a paying company. The amount at Dividends- Franking credit is distributed to the partners, beneficiaries or trustee and is allowed as a tax offset to reduce their tax payable. Dividends- Franking credit Deductions relating to Australian investment income: Enter the amount of deductions relating to Australian investment income the expenses incurred in earning interest and dividends. Deductions relating to Australian investment income Other deductions not claimable at any other item - amount: Enter the amount of each item of deduction only not claimable at any other item. If the partnership is registered for GST, exclude any input tax credit entitlements for expenses incurred by the partnership. This is a mandatory field. Other deductions not claimable at any other item- Amount Other deductions not claimable at any other item - name: Enter any deductible losses and outgoings not already claimed by the partnership at any other items relating to Australian source income. If the partnership is registered for GST, exclude any input tax credit entitlements for expenses incurred by the partnership. This is a mandatory field. Other deductions not claimable at any other item - Name of item All other expenses: Enter the total of all other business expenses for the income year which have not already been included at Expenses, for example, travel expenses. All other expenses- Australian business expenses Depreciation expenses: Enter the amount of expenses incurred from the decline in value of business assets over a financial year for small business entities if the partnership is an eligible small business entity and has chosen to use the simplified depreciation rules, enter the total depreciation deductions being claimed by the partnership under the simplified depreciation rules and the Uniform Capital Allowances (UCA) rules. For all other partnerships, enter the book depreciation expenses for depreciating assets other than for those assets allocated in a prior year to a general STS pool or a long-life STS pool. For assets allocated to such a pool, include at this field the amount of the pool deduction to be claimed for tax purposes. This amount does not include profit on the sale of a depreciating asset or loss on the sale of a depreciating asset. The accounting or book depreciation may differ from the deduction for the decline in value of depreciating assets. For more information about the small business entity depreciation rules, see the tax office publication Guide to concessions for small business entities. Depreciation expenses- Australian business expenses Non-primary production (Deductions relating to distribution in labels B and R): Enter the trust's deductions for its own expenses for non-primary production distributions from other partnerships or trusts. If any expenses have been prepaid, the amount that can be claimed may be affected by the prepayment provisions. Expenses listed here that are costs associated with borrowing and servicing debt may not be allowable deductions under the thin capitalisation rules. If FTDT (Family trust distribution tax) has been paid on income or capital of another partnership or trust, that income or capital is not included in the assessable income. A deduction can not be claimed for any losses or outgoings incurred in deriving an amount which is excluded from assessable income. Non-primary production- Deductions for expenses relating to distributions from other partnerships and trusts less foreign income and net capital gains Primary Production (Other deductions relation to distributions): Enter the partnership's deductions for its own expenses relating to primary production distributions from other partnerships. If any expenses have been prepaid, the amount that can be claimed relating to distribution may be affected by the prepayment provisions. Expenses listed here that are costs associated with borrowing and servicing debt may not be allowable deductions under the thin capitalisation rules. The disallowed amount reduces the amount that would otherwise be shown. rimary production- Deductions for expenses relating to distributions from other partnerships and trusts Total TOFA losses- Taxation of financial arrangements Total TOFA losses: Enter the total amount of TOFA losses Expense reconcilliation adjustments: Enter the net expense-related reconciliation adjustments. The amounts included here fall into two classes that either increase or reduce the net adjustment that is, expense add backs – expenses shown in the accounts which are either not tax deductible or are only partly tax deductible, including timing adjustments. These items increase the total shown. Also expense subtractions – amounts not shown as expenses in the accounts but which are tax deductible, including timing adjustments. These items reduce the total amount shown. Reconciliation items- Expense reconciliation adjustments- Australian business expenses Business - Royalty expenses overseas: Enter the amount of royalty expenses paid to non-residents during the income year. The amount is included in Expenses, Total royalty expenses, plus or minus any reconciliation adjustment for royalty expenses that was included at Reconciliation items, Expense reconciliation adjustments. An amount of tax – withholding tax – is generally withheld from royalties paid or payable to non-residents and from royalties derived by a resident through an overseas branch. This amount must be remitted to the Tax Office. A deduction cannot be claimed unless any withholding tax has been remitted. Royalty expenses overseas- Business and professional items Partner share - of income (non-PP income): Enter the amount each partner's share of income (whole dollars only) in relation to non-primary production income. This amount is a component of Net Australian income or loss. This field may be returned as a negative if it is a loss. Share of income- Non-primary production- Partner share Partner share - of income (PP Income): Enter the amount of each partner's share of income (whole dollars only) in relation to primary production income. This amount is a component of Net Australian income or loss. This field may be returned as a negative if it is a loss. Share of income- Primary production- Partner share Non-primary production- Distribution from trusts less net capital gain and foreign income action code Non-primary Production - Distribution from trusts less net captial gain and foreign income action code: Codes that can be entered are: L - Loss M - Cash management unit trust D - Deceased estate I - Discretionary trust, - income from investment activities S - Discretionary trust - income from service and management services T - Discretionary trust - income is from trading activites U - Fixed unit trust - other than a public unit trust described in P or Q F- Fixed trust - other than fixed unit trust or public unit trust described in U, P or Q. H - Hybrid trust P - Public unit trust (listed) - other than a cash management unit trust Q - Public unit trust (unlisted) - other than a cash management unit trust Total TOFA gains- Taxation of financial arrangements Total TOFA gains: Enter the total amount of TOFA gains Amount of other Australian income: Enter the total amount of income relating to Other Australian income items i.e. those that have not been brought to account as income elsewhere in the return. This is a mandatory field. Amount of Other Australian income Other assessable foreign source income - Gross: Enter the gross amount of assessable income derived from foreign sources, including amounts distributed from other partnerships and trusts and New Zealand dividends and supplementary dividends. Include any foreign tax paid on that income. Do not include: - any income which is exempt from tax in Australia or treated as non-assessable non-exempt income. - any amount of New Zealand imputation credits - any amount of Australian franking credits attached to dividends from a New Zealand franking company. Show these amounts at Australian franking credits from a New Zealand company - income already shown at Attributed foreign income - any foreign source capital gains or capital losses. Gross amount of Other assessable foreign source income, excluding income shown at Attributed foreign income Non Primary Production (Other business income): Enter the amount of other business income and expenses such as revenue arising from the sale of goods, services rendered, disposal of depreciated assets and royalties. Non-primary production- Other business income- Australian business income Primary Production - Other business income : Enter the amount of other business income and expenses such as revenue arising from the sale of goods, services rendered, disposal of depreciated assets and royalties. Primary production- Other business income- Australian business income Non primary production (Distribution from partnership less foreign income): Enter the amount of non-primary production income or loss distributions from other partnerships including any share of credit for tax withheld from foreign resident withholding that is attached to the distribution (also include the share of credit at Share of credit from foreign resident withholding). If the distribution includes franked dividends from a franking entity, check the advice detailing the distribution to ensure that the amounts to be included at this label represent both the partnership’s or trust’s share of the franked dividend and its share of the franking credit attached to the franked dividend. The franking credit is also included at Share of franking credit from franked dividends. Do not show any dividends or franking credits indirectly received that were attributable to distributions from a New Zealand franking company at this label. (If the partnership or trust received dividends or franking credits indirectly from a New Zealand franking company, see Other assessable foreign source income).This amount can be a negative number to indicate a loss. Non-primary production- Distribution from partnerships less foreign income Income reconciliation adjustments: Enter the net income-related reconciliation adjustments. The amounts included here fall into two classes that either increase or reduce the net adjustment that is, either income add backs - amounts not shown in the accounts, but which are assessable income, including timing adjustments with these items increase the total amount shown or income subtractions - income shown in the accounts, which is not assessable income, including timing adjustments. These items reduce the total amount shown. Reconciliation items- Income reconciliation adjustments- Australian business income Net rental property income or loss- Income tests Business - Net rental property income or loss: Enter the net rental property income or loss for the partnership. This value will equal the sum of the partners' shares of the net rental property income or loss. Partner share of net rental property income or loss Partner share - Net rental property income or loss: Enter the partners share of net rental property income or loss. The sum of all the partner's shares must equal the net rental property income or loss for the partnership. Business - Small business entity aggregated turnover amount: Enter the small business entity aggregated turnover of the partnership. This is the annual business turnover of the partnership plus the annual business turnovers of its affiliates and any entities it is connected with. If the partnership is not affiliated or connected with any other entities under the aggregation rules, the aggregated turnover of the partnership will be equal to its annual business turnover. Do not complete this item if the partnership’s aggregated turnover is $75,000 or more, – the trustee, beneficiary is not entitled to an entrepreneurs’ tax offset. Aggregation rules - Special rules called the aggregation rules will determine who the partnership is connected or affiliated with. These rules prevent larger businesses from structuring or restructuring their affairs to take advantage of the small business entity concessions. An entity that is connected with the partnership, or that is its affiliate is referred to as a relevant entity. When calculating the aggregated turnover of the partnership, do not include income from: - dealings between the partnership and a relevant entity - dealings between any relevant entities of the partnership, and - a relevant entity when it was not a relevant entity of the partnership. Small business entity aggregated turnover- Entrepreneurs tax offset Business - Net small business entity income: Enter the amount of net STS income the partnership earned from its business activities. Net small business income is the small business entity turnover of the partnership less the allowable deductions attributable to that turnover. Do not include any net STS income amounts received from partnership or trust distributions. There must be an amount of net STS income included in the trustee, beneficiary assessable income before an entitlement to an offset arises for those entities. In determining net small business income, the allowable deductions attributable to the small business entity turnover do not include: - tax losses from prior years - superannuation contributions - gifts or donations, or - costs of managing tax affairs. If the partnership’s small business pool includes any assets that are used partly for business and partly for other income-producing activities, the small business pool deduction for the purposes of determining the entity’s net small business income must be apportioned using a reasonable basis. DO NOT complete this item if there is no net STS income or the allowable deductions exceed the STS annual turnover. Net small business entity income- Entrepreneurs tax offset Interest deductions: Enter the total deductible amount of interest expenses incurred in earning rental income. If borrowed monies are used to finance a property investment, interest paid on the borrowing generally is deductible. However, the thin capitalisation rules may apply to reduce interest deductions. These rules place a limit on the amount of interest and other borrowing costs that can be deducted for Australian tax purposes. Rent- Interest deductions Business - Interest expenses overseas:Enter the amount of interest paid on money borrowed from overseas sources. Also include this amount at Expenses, Total interest expenses. Interest expenses overseas- Business and professional items TOFA transitional balancing adjustment- Taxation of financial arrangements TOFA transitional balancing adjustment: Enter the amount of TOFA transitional balancing adjustment Dividends - Unfranked amount: Enter the gross amount of unfranked dividends, and the unfranked amount of partially franked dividends, received before any TFN amounts were withheld. Do not include a dividend paid under a demerger unless the head entity of the demerger group has elected that it be treated as an assessable dividend. Dividends - Unfranked amount Non primary production (Distribution from trusts less net capital gain and foreign income): Enter the amount of non-primary production income distributions from other trusts. Include any share of credit for tax withheld from foreign resident withholding that is attached to the distributions. (Also include the share of credit at Share of credit from foreign resident withholding). Include any share of credit for tax withheld from managed investment trust fund payments that is attached to the distribution. The share of credit should also be included at Share of credit for tax withheld from managed investment trust fund payments. Include income to which the partnership or trust became presently entitled in the income year but has not yet received. This amount can be a negative number to indicate a loss. Non primary production - Distribution from trusts less net capital gains and foreign income Did you make a gain, loss or balancing adjustment from a financial arrangement subject to the TOFA rules? Did you make a gain, loss or balancing adjustment from a financial arrangement subject to the TOFA rules?: Set the field to TRUE if the trust made a gain, loss or balancing adjustment from a financial arrangement subject to the TOFA rules, otherwise set the field to FALSE. This is a mandatory field. Business - Intangible depreciating assets first deducted - Enter the amount of intangible depreciating assets first deducted. If the partnership is a small business entity using the simplified depreciation rules, do not include an amount at this item. A depreciating asset that the partnership holds starts to decline in value from the time the partnership uses it (or installs it ready for use) for any purpose, including a private purpose. However, the partnership can only claim a deduction for the decline in value to the extent it uses the asset for a taxable purpose, such as for producing assessable income. If the partnership has allocated any intangible depreciating assets with a cost of less than $1,000 to a low-value pool for the income year, include the cost of those assets. Do not reduce the cost for estimated non-taxable use. Do not include expenditure on in-house software which has been allocated to a software development pool. For more information on decline in value, see the Tax Office publication Guide to depreciating assets. Intangible depreciating assets first deducted- Business and professional items Business - Other depreciating assets first deducted : Enter the amount of other depreciating assets first deducted. If the partnership is a small business entity using the simplified depreciation rules, do not include an amount at this label. A depreciating asset that the partnership holds starts to decline in value from the time the partnership uses it (or installs it ready for use) for any purpose. However, the partnership can only claim a deduction for the decline in value to the extent it uses the asset for a taxable purpose, such as for producing assessable income. Show the cost of all depreciating assets (other than intangible depreciating assets) for which the partnership is claiming a deduction for the decline in value for the first time. If any assets (other than intangible depreciating assets) costing less than $1,000 have been allocated to a low-value pool for the income year, also include the cost of those assets . Do not reduce the cost for any estimated non-taxable use. For more information on decline in value, see the Tax Office publication Guide to depreciating assets. Other depreciating assets first deducted- Business and professional items Business - Small business entity depreciating assets - Deduction for general pool assets (less than 25 years): Enter the amount of small business entity depreciating assets - deductions for general pool assets. Only complete - Deduction for general pool assets (less than 25 years) if the partnership is eligible to enter or continue in the STS and has chosen to do so. To complete this item use the amounts calculated for Expenses, Depreciation expenses and enter the total amount claimed for general pool assets (less than 25 years). Deduction for general pool assets (less than 25 years)- Small business entity depreciating assets Business - Small business entity depreciating assets - Deduction for long life pool assets (25 years or more): Enter the amount of small business entity depreciating assets - deduction for long life pool. Only complete - Deduction for long life pool assets (25 years or more) if the partnership is eligible to enter or continue in the STS and has chosen to do so. To complete this item use the amounts calculated for depreciation deductions at Expenses, Depreciation expenses and enter the total amount claimed for long life pool assets (25 years or more). Deduction for long life pool assets (25 years or more)- Small business entity depreciating assets Business - Small business entity depreciating assets - Deduction for low costs assets (less than $1000) : Enter the amount of small business entity depreciating assets - deduction for low cost assets. Only complete - Deduction for low cost assets (less than $1000) if the partnership is eligible to enter or continue in the STS and has chosen to do so. To complete this item use the amounts calculated for Expenses, Depreciation expenses, show Deduction for low cost assets (less than $1000) the total amount claimed relating to low cost assets. Deduction for low cost assets (less than $1000)- Small business entity depreciating assets Attributed foreign income - Section 404 country: Enter the amount of attributed foreign income from controlled foreign entities in section 404 countries. Also show the amount of income attributed from a transferor trust if the entire income and profits of the trust are subject to tax in a section 404 country. Do not include the amount if it is shown at Listed Country. Attributed foreign income- Section 404 country Attributed foreign income - Listed country: Enter the amount of gross attributed foreign income from controlled foreign entities and transferor trusts of listed countries (formerly known as broad-exemption listed countries). Show also the amount of income attributed from a transferor trust that is a listed country trust estate. Attributed foreign income- Listed country Attributed foreign income - Unlisted country: Enter the amount of attributed foreign income from controlled foreign entities in unlisted countries. Also show the amount of income attributed from a transferor trust if the amount has not been shown at Listed Country or Section 404 country. Attributed foreign income- Unlisted country Foreign income tax offset: Enter the amount of foreign tax credits. Foreign income tax offset TFN amounts withheld from dividends: Enter the total of TFN amounts withheld from dividends received, less any refund of TFN amounts withheld. Dividends- TFN amounts withheld from dividends TFN amounts withheld from gross interest: Enter any TFN amounts withheld from gross interest where a TFN has not been provided to the investment body. TFN amounts withheld from gross interest Proprietors' funds: Enter the amount of net proprietors' funds per accounting records. This amount equals the amount shown at total assets, less the amount shown at total liabilities. Proprietors' funds- Key financial information Amendment Indicator Amendment Indicator: Set the field to TRUE if this is an amendment to the current years return. Otherwise set the field to FALSE. Amendment Reason The reason provided by the user for the lodgement of an amendment. Amendment sequence number The order in which amendments need to be submitted for PTR.0001. Amendment type code Identifies if the lodgment of the amendment is due to an ATO error or a taxpayer error. Share of credit for TFN amounts withheld from payments from closely held trusts Partner share Share of credit for TFN amounts withheld from payments from closely held trusts Does your income include an individual's personal services income?: If the income of the partnerhip includes an individual's Personal Services Income, set the field to TRUE to indicate Yes. Otherwise set the field to FALSE. If TRUE, complete a PSI schedule. Personal services income (PSI) is income that is mainly a reward for an individual’s personal efforts or skills (or would mainly be such a reward if it was derived by the individual). A partnership may derive income which includes the PSI of one or more individuals. Examples of PSI include: - income for the services of a professional practitioner in a sole practice - income derived under a contract which is wholly or principally for the labour or services of an individual - income for the exercise of professional skills by a professional sportsperson or entertainer - income for the exercise of personal expertise by a consultant. PSI does not include income that is mainly: - for supplying or selling goods – for example, from retailing, wholesaling or manufacturing - generated by an income-producing asset – for example, from operating a bulldozer - for granting a right to use property – for example, the copyright to a computer program, or - generated by a business structure – for example, a large accounting firm. If the partnership receives an individual’s PSI other than in the course of conducting a personal services business and does not promptly pay it to the individual as salary or wages: - the net amount of PSI is attributed to the individual and is not assessable to the partnership, and - certain related expenses are not deductible under the special rules. Expenses specifically denied include rent, mortgage interest, rates and land tax for the residence of individuals (or their associates, such as a spouse) whose efforts or skills mainly generate the PSI for the partnership, the costs of a second private use car, and payments of salary or wages and superannuation for associates to the extent such payments relate to non-principal work. The denied expenses also include the total amount of the deductions allowed to the individual for a net personal services income loss. This is a mandatory field. Does your income include an individual's personal services income? Business - Total salary and wage expenses action code: Enter the CODE that matches the description of the expense component where salary and wage expenses have been wholly or predominantly reported. - C = Included in the expense component of Cost of sales - A = Included in the expense component of All other expenses - B = Included in both the expense components of Cost of sales and All other expenses - O = Included in other than Cost of sales and/or All other expenses Total salary and wage expenses action code- Business and professional items Business - Total salary and wage expenses: Enter the total salary, wages and other labour costs actually paid or payable to persons employed in the partnership's business. However, exclude those costs for private domestic assistance or forming part of capital expenditure, as they are not deductible. These expenses include any salary and wage component of "Expenses, Cost of sales" that is, allowances, bonuses, casual labour, retainers and workers' compensation paid through the payroll. Include any salary or wages paid to an associated person, principal, agent, related entity and/or associate entity here and at "Payments to associated persons" Total salary and wage expenses- Business and professional items Business - Termination value of intangible depreciating assets: Enter the amount of termination value of intangible depreciating assets. If the partnership is a small business entity using the simplified depreciation rules, do not include an amount at this label. Otherwise, show the termination value of each intangible depreciating asset to which the UCA rules applied for which a balancing adjustment event occurred in the income year, – including assets allocated to a low-value pool. Do not show any consideration received during the income year for in-house software for which the partnership has allocated expenditure to a software development pool. A balancing adjustment event occurs if the partnership stops holding or using a depreciating asset or decides not to use it in the future – for example, assets sold. Generally, the termination value is the amount the partnership receives or is deemed to receive in relation to the balancing adjustment event. It also includes the market value of any non-cash benefits such as goods and services the partnership receives for the asset. For more information on balancing adjustment events, termination value, in-house software and software development pools, see the Tax Office publication Guide to depreciating assets. Termination value of intangible depreciating assets- Business and professional items Business - Termination value of other depreciating assets: Enter the amount of termination value of other depreciating assets. If the partnership is a small business entity using the simplified depreciation rules, do not include an amount at this label. Otherwise, show the termination value of each depreciating asset – other than intangible depreciating assets – for which a balancing adjustment event occurred in the income year, including assets allocated to a low-value pool. Do not show any consideration received during the income year for buildings or structures for which a deduction is available under the capital works provisions, assets used in research and development activities, or assets falling within the provisions relating to investments in Australian films. A balancing adjustment event occurs if the partnership stops holding or using a depreciating asset or decides not to use it in the future – for example, assets sold, lost or destroyed. Generally, the termination value is the amount the partnership receives or is deemed to receive in relation to the balancing adjustment event. It also includes the market value of any non-cash benefits such as goods and services the partnership receives for the asset. For more information on balancing adjustment events and termination value, see the Tax Office publication Guide to depreciating assets. Termination value of other depreciating assets- Business and professional items Business - Closing stock action code:Closing stock action code: Enter the code indicating the method used to value closing stock for income tax purposes. If you use more than one method, use the code for the method representing the greatest value. Allowable codes are: 'C' for Cost 'M' for Market selling value 'R' for Replacement value Closing stock action code- Business and professional items Bad Debts: Enter the amount of bad debts expense incurred for the income year. Enter recovery of bad debts at Other business income field. A deduction for bad debts cannot be claimed unless the debt which is bad has previously been included in assessable income, or is for money lent in the ordinary course of the business of the lending of money by a trust carrying on that business. A deduction can be claimed for partial debt write-offs where only part of a debt is bad and is written off. Bad debts- Australian business expenses Cost of Sales: Enter the cost of anything produced, manufactured, acquired or purchased for manufacture, sale or exchange in deriving the gross proceeds or earnings of the business. This includes freight inwards and may include some external labour costs if these are recorded in the cost of sales account in the normal accounting procedure of the business. Cost of sales- Australian business expenses Total Interest Expenses: Enter the total interest incurred on money borrowed within Australia and overseas to acquire income-producing assets, to finance business operations or to meet current business expenses. Do not include interest expenses claimable against rental income. Inform the amount of interest not allowable at Reconciliation items, Expense reconciliation adjustments. Total interest expenses- Australian business expenses Lease expenses: Enter the amount of expenditure incurred through both finance and operating leases on leasing assets, such as motor vehicles, plant or other equipment. Do not include the cost of leasing real estate. If an amount of lease expense is not allowable as a deduction, such as amounts disallowed under the thin capitalisation rules, add back the amount at Reconciliation items, Expense reconciliation adjustments. Lease expenses- Australian business expenses Motor Vehicle Expenses: Enter the total motor vehicle running expenses only. These expenses include fuel, repairs, registration fees and insurance premiums. Do not include, lease expenses, interest expenses or depreciation expenses. Motor vehicle expenses- Australian business expenses Motor Vehicle Expenses Action Code: Enter one of the allowable codes as listed below: 'B' - Log book, 'N' - Expenses of certain other vehicles, 'O' - One third actual expenses, 'S' - Cents per kilometre, or 'T' - 12% of cost of car. Motor vehicle expenses action code- Australian business expenses Rent Expenses: Enter the amount of expenditure incurred as a tenant for the rental of land and buildings used in the production of income. Rent expenses- Australian business expenses Repairs and maintenance: Enter the amount at the expenditure on repairs and maintenance of plant, machinery, implements and premises. Write back any non-deductible expenditure, such as items of a capital nature or amounts relating to private use of an item shown at Reconciliation items, Expense reconciliation adjustments. For repairs, as long as it is not expenditure of a capital nature, deduct the cost of repairs to property, plant, machinery or equipment used solely for producing assessable income or in carrying on a business for that purpose. Repairs and maintenance- Australian business expenses Net financial investment income or loss- Income tests Business - Net financial investment income or loss: Enter the net financial investment income or loss for the partnership.This value will equal the sum of the partners' share's of the net financial investment income or loss. Partner share of net financial investment income or loss Partner share - Net financial investment income or loss: Enter the partner's share of net financial investment income or loss. The sum of all the partner's shares must equal the income or loss for the whole partnership. Schedule A Schedule A: A 3000-character free-text field to provide additional schedule related information that can't be provided on any other schedule. Schedule 25A must be completed where the answer = TRUE. The International dealings schedule- financial services may also need to be completed if you are a financial service provider. Attributed foreign income- Did the entity have either a direct or indirect interest in a foreign trust, controlled foreign company or transferor trust? Total Royalty Expenses: Enter the total amount of royalty expenses for the income year. Include royalties paid to residents and non-residents. An amount of tax - withholding tax - is generally withheld from royalties paid or payable to non-residents and to overseas branches of residents. This must be remitted to the Tax Office. Royalties are payments made by a person (entity) for the use of rights owned by another person (entity). Total royalty expenses- Australian business expenses Gross rent: Enter the gross amount of rental income. This item cannot be a loss. Rental income includes booking or letting fees, bond moneys if the partnership becomes entitled to retain them, any insurance payouts that compensate for lost or foregone rent and reimbursements from tenants of deductible expenses incurred. If the partnership is registered for GST and GST is payable in relation to rental income, exclude the GST. Show rent from foreign sources at Other assessable foreign source income. Rent- Gross rent Business - Closing stock:Enter the total value of all trading stock held by the trust at the end of the income year or accounting period. For Small business entities only need to account for changes in the value of trading stock if the value of stock on hand at the start of the income year and a reasonable estimate of the value of stock on hand at the end of the income year varies by more than $5,000. Small business entities who wish to do so can still conduct a stocktake and account for changes in the value of trading stock. If the difference between the value of opening stock and a reasonable estimate of closing stock is more than $5,000 the trust must account for the change in the value of the trading stock. If the difference referred to above is $5,000 or less and the trust chooses not to account for this difference, the closing stock value is the same as the value at Opening stock. Do not enter the reasonable estimate. For all other businesses and Small business entities where the difference is more than $5,000. Show the total value of all trading stock on hand at the end of the income year or accounting period for which the trust tax return is being prepared. The amount is the value calculated for income tax purposes. If the partnership or trust is registered for GST, the value of closing stock (other than items the supply of which was not a taxable supply) should not include an amount equal to the input tax credit that would arise if the partnership or trust had acquired the item solely for business purposes at the end of the income year. Input tax credits do not arise for some items of trading stock, such as shares. Include motor vehicle floor plan stock and work in progress of manufactured goods. Do not include any amount for closing stock of a business that ceased operations during the income year. For non-STS businesses show the total value of all trading stock on hand at the end of the income year or accounting period for which the partnership or trust tax return is being prepared. The amount is the value calculated for income tax purposes. If the partnership or trust is registered for GST, the value of closing stock (other than items the supply of which was not a taxable supply) should not include an amount equal to the input tax credit that would arise if the partnership or trust had acquired the item solely for business purposes at the end of the income year. Input tax credits do not arise for some items of trading stock, such as shares. Include motor vehicle floor plan stock and work in progress of manufactured goods. Do not include any amount for closing stock of a business that ceased operations during the income year. Show this amount at Total business income. Different methods can be used to value the same item of trading stock in different income years, and similar items using different methods in the same income year. However, the opening value of an item in a particular income year must equal the closing value for that item inthe previous income year. The trust cannot reduce the value of stock on hand by creating reserves to offset falls in the value of stock or any other factors. Closing stock- Business and professional items Business - Opening stock: Enter the total value of all trading stock on hand at the beginning of the income year or accounting period for which the Return is being prepared. The opening value of an item of stock must equal its closing value in the previous year. If there was no trading stock in the previous year, the value of trading stock at the start of the year is zero. This might occur in the case of a new business or in the first year. Include motor vehicle floor plan stock and work in progress of manufactured goods. Exclude any amount that represents opening stock of a business that commenced operations during the income year. Show this amount at Expenses, Cost of sales. Opening stock- Business and professional items All current assets: Enter the amount of all current assets of the partnership including, cash on hand, accounts receivable, short-term bills receivable, inventories and cash at bank. Also include the amount shown at Trade debtors. All current assets- Key financial information Total assets: Insert the amount of Total assets. This is all the partnership assets, including current, fixed, tangible and intangible assets. Also include the amount shown at All current assets. Total assets- Key financial information Business - Trade debtors: Enter the total amounts owing to the partnership at year end for goods and services provided during the income year - that is, current trade debtors. Also include this amount at All current assets. Trade debtors- Business and professional items All current liabilities: Enter the amount of the total obligations payable by the partnership or trust within the coming year. Also include the amount shown at Trade creditors. All current liabilities- Key financial information Total liabilities: Enter the amount of all the partnership's liabilities, including other creditors and deferred liabilities such as loans secured by mortgage and long-term loans. Also include the amount shown at All current liabilities. Total liabilities- Key financial information Business - Trade creditors: Enter the total amounts owed by the partnership at year end for goods and services received during the income year - that is, current trade creditors. Also include this amount at All current liabilities. Trade creditors- Business and professional items Partner share - TFN amounts withheld: Enter the amount of credit for amounts withheld from payments of interest, dividends and unit trust distributions by investment bodies because the recipient did not quote a fax file number (TFN) that has been distributed to a partner. The total must equal the sum of TFN amounts withheld on interest, dividends and unit trust distributions at: - Share of credit for TFN amounts withheld from interest and dividends - TFN amounts withheld from gross interest, and - TFN amounts withheld from dividends. If the partnership has no net income, the partners do not have a share of credit for the TFN amounts withheld. Instead, show the sum of the TFN amounts under Income to which no partner is presently entitled. This field may not be returned as a negative. TFN amounts withheld- Partner share PTRLodgeRequest [Abstract] Intermediary Primary Items [Abstract] ReportingParty Primary Items [Abstract] ReportingParty Australian Primary Items [Abstract] ReportingParty Foreign Primary Items [Abstract] ReportingParty Foreign Section404Country Primary Items [Abstract] ReportingParty Foreign ListedCountry Primary Items [Abstract] ReportingParty Foreign UnlistedCountry Primary Items [Abstract] ReportingParty NonPrimaryProduction Australian Primary Items [Abstract] ReportingParty PrimaryProduction Australian Primary Items [Abstract] ReportingParty TOFA Primary Items [Abstract] ReportingParty Closing Primary Items [Abstract] ReportingParty Opening Primary Items [Abstract] MailRecipient FormerPartnership StatementOfDistribution OtherAustralianIncome ForestryManagedInvestmentSchemeRulingInformation OtherDeductions