2009 standard distribution statement: guidance notes for fund managers
Standard distribution statement
2009 tax return information for the year ended 30 June 2009
Part A: Summary of 2009 tax return (supplementary section) items
The labels at items on the tax return are the white letters inside coloured boxes on the Tax return for individuals (supplementary section) 2009.
Tax return (supplementary section)
Amount
Tax return label
Non-primary production income
165
13U
Other deductions relating to distributions
4
13Y
Franking credits
30.00
13Q
Credit for tax file number (TFN) amounts withheld
10.00
13R
Total current year capital gains
225
18H
Net capital gain
155
18A
Assessable foreign source income
220
20E
Other net foreign source income
220
20M
Foreign income tax offsets*
38
20O
*If your total foreign income tax offsets from all sources for the year do not exceed $1,000 then you can claim this amount in full. Otherwise, you will need to refer to the publication Guide to foreign income tax offset rules (NAT 72923) to work out your entitlement.
Part B: Capital gains tax information
– additional information for item 18
Capital gains – discounted method
140
(grossed up amount)
Capital gains – other method
85
Total current year capital gains
225
Capital gains tax (CGT) concession amount
70
Tax-deferred amounts
30
Part C: Components of distribution
Cash distribution
Tax paid
or tax offsets
Taxable
amount
Australian income
Franking credits
Dividends:
franked amount
70
30.00
100
Dividends:
unfranked amount
60
60
Interest
20
20
Other income
15
15
Less other allowable trust deductions
–30
–30
Non-primary production income (A)
135
30.00
165
Capital gains*
Foreign income tax offset**
Discounted capital gain
65
5.00
70
Capital gains tax (CGT) concession amount
70
0
Capital gains – other method
83
2.00
85
Distributed capital gains (B)
218
7.00
(Total 225)
Net capital gains
155
Foreign income
Assessable foreign source income
189
31.00
220
Cash distribution (C)
189
38.00
Cash distribution sub-total (A+B+C)
542
Other non-assessable amounts
Tax-exempted amounts
25
Tax-free amounts
15
Tax-deferred amounts
30
Gross cash distribution
612
Other deductions from distribution
TFN amounts withheld
–10
Other expenses
–4
Net cash distribution
598
* For non-residents: While this statement does not address all the needs of a non-resident investor, if you are a non-resident then you are advised that the capital gains amount on which you are liable to Australian tax is that relating to taxable Australian real property – the TARP amount. [xx.xx]#% of the [Discount capital gain/Capital gains – other method]# amount is the TARP amount.
** The tax offset is only available to non-residents in circumstances where the foreign income distributed to the non-resident is taxed as assessable income in Australia.
# The bracketed items – % and the type of capital gain – are to be determined by the fund manager with the brackets, this note and the # not forming part of the statement.
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