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  • Standard distribution statement

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    2013 tax return information for the year ended 30 June 2013

    Part A: Summary of 2013 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) 2013 (NAT 2679). If you choose to use a tax agent to prepare your income tax return, advise them to rely on the information in this statement rather than information that may be displayed in the tax agent's pre-filling service.

    Tax return (supplementary section) Amount Tax return label

    Share of non-primary production income

    165

    13U

    Other deductions relating to non-primary production distributions

    4

    13Y

    Share of franking credit from franked dividends

    30.00

    13Q

    Share of credit for tax file number amounts withheld from interest, dividends and unit trust distributions

    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 offset from all sources for the year is $1,000 or less, 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: CGT 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

    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

    CGT concession amount

    70

     

    0

    Capital gains: other method

    83

    2.00

    85

    Distributed capital gains (B)

    218

    7.00

    (Total 225)

    Net capital gain

     

     

    155

    Foreign income

    Assessable foreign source income

    189

    31.00

    220

    Cash distribution (C)

    189

    38.00

     

    Cash distribution sub-total (add A, B and C)

    542

     

     

    Other non-assessable amounts

    Tax-exempted amounts

    25

     

     

    Tax-free amounts

    15

     

     

    Tax-deferred amounts

    30

     

     

    Gross cash distribution

    612

     

     

    Other amounts deducted from trust distribution

    TFN amounts withheld

    -10

     

     

    Other expenses

    -4

     

     

    Net cash distribution

    598

     

     

    * For non-residents: While the SDS does not address all the needs of a non-resident investor, the capital gains amount that you are liable for Australian tax on is that relating to taxable Australian property (TAP). [xx.xx]#% of the [Discount capital gain/Capital gains – other method]# amount is the TAP amount. Generally, for a managed investment fund the TAP amount will be the same as the taxable Australian real property (TARP) amount. Additionally, a non-resident will not be liable for Australian income tax on capital gains from TAP if managed investment trust withholding tax is payable on the capital gains.

    ** The tax offset is available to non-residents only in circumstances where the foreign income distributed to the non-resident is included in their assessable income in Australia.

    # The fund manager must determine the bracketed items - % and the type of capital gain. The brackets, this note and the # do not form part of the statement.

    Last modified: 28 May 2013QC 34777