• About these instructions

    These instructions can be used to help you complete the schedules accompanying the following income tax returns that we may request from a wealthy individual:

    • H/Individual tax return
    • H/Company tax return
    • H/Trust tax return
    • H/Partnership tax return.

    When completing an expanded return, use these instructions in conjunction with our other general guides and publications, particularly:

    • Individual tax return instructions when preparing the H/Individual tax return
    • Company tax return instructions when preparing the H/Company tax return
    • Partnership and trust tax returns instructions when preparing either the
      • H/Trust tax return
      • H/Partnership tax return.
       

    This publication is not a guide to income tax law. If this publication does not fully cover your circumstances get help from:

    • us
    • a recognised tax adviser.

    Find out more

    Expanded income tax returns by income year.

    End of find out more

    Introduction

    An expanded income tax return follows the structure of a standard income tax return as shown in the table below, but we have expanded specific labels and two accompanying schedules form part of the tax return.

    Table: Relationship between standard and expanded tax returns

    Standard income tax return

    Expanded income tax return

    Individual tax return

    H/Individual tax return

    Company tax return

    H/Company tax return

    Trust tax return

    H/Trust tax return

    Partnership tax return

    H/Partnership tax return

    You must fully complete all questions in an expanded income tax return and accompanying schedules. If you lodge an incomplete return, we will send it back to you. We will not regard your tax return as lodged until we receive your completed tax return.

    If you need an extension of time to lodge your return, you must make a request in writing and send it to:

    Australian Taxation Office
    Locked Bag 9550
    BOX HILL  VIC  3128

    You must support your request with reasons for not lodging by the due date.

    You cannot use the electronic lodgment service (ELS) for an expanded income tax return and accompanying schedules.

    Phone enquiries

    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

    If you want to discuss something about your expanded income tax return, contact the person listed on the letter or notice you received asking you to lodge a detailed income tax return.

    Attention

    If there is any conflict between these instructions and our general publications, use these instructions and the instructions in the accompanying schedules to:

    • complete the schedules
    • lodge your return.
    End of attention

    Lodging your tax return

    Send your fully completed and signed expanded income tax return and accompanying schedules, together with any other required schedules (for example, the Interposed entity election or revocation, Thin capitalisation schedule, and Losses schedule) to:

    Assistant Commissioner
    Private Groups and High Wealth Individuals
    Australian Taxation Office
    Locked Bag 9550
    BOX HILL  VIC  3128

    Tax file numbers

    Throughout an expanded income tax return, we ask you for tax file numbers (TFNs) that belong to other entities. We need this information to properly administer the tax law.

    Insufficient space

    If you do not have enough space to answer questions or give details, attach extra sheets with the additional information to your tax return. The additional information must:

    • clearly identify the question it relates to
    • contain all the details we ask for.

    The person signing the income tax return must also sign the extra sheets.

    Accompanying schedules

    There are two schedules that accompany and form part of an expanded income tax return.

    Accompanying schedule no. 1: answer yes or no to the questions. You must answer each question, even if you have no taxable income. For each question, print a cross (X) in the applicable box. If you answer yes to a question, you must answer all the sub-questions and provide all the information we ask for. You must also attach financial statements and loan account details, as question 8 asks.

    Accompanying schedule no. 2: you must complete this if you declare assessable income or claim deductions at any item which has an S2 indicator. You only need to complete the extended questions that relate to your taxable income. Generally, where you show a nil amount at an expanded label, we don't need any more information. However, sometimes you may still need to provide further details (for example, if a partnership income distribution is negated by another partnership loss).

    Definitions

    In the expanded income tax return accompanying schedules, the following terms have the meanings explained below, unless we say otherwise:

    • arrangement has the meaning given in section 995-1 of the Income Tax Assessment Act 1997 (ITAA 1997)
    • associate has the meaning given by section 318 of the Income Tax Assessment Act 1936 (ITAA 1936)
    • entity means any company, trust, establishment, foundation, partnership, corporate limited partnership, joint venture, syndicate, society, association, any charitable body or fund, and any other body or organisation of any kind, whether incorporated or not
    • limited recourse loan means a loan arrangement where a lender has recourse beyond a specified security of the borrower in limited circumstances
    • non-recourse loan means a loan arrangement where a lender has no recourse beyond a specified security of the borrower (the borrower is not otherwise personally at risk to repay the loan)
    • reasonably arguable position is a position taken which is 'reasonably arguable' within the meaning given by section 284-15 of Schedule 1 to the Taxation Administration Act 1953 (TAA).

    Appendix A: trust code letters and descriptions

    When a schedule requires you to enter a trust code letter, use the relevant code from the following table.

    Table 1: Trust codes

    Code

    Type

    C

    Special disability trust

    D

    Deceased estate

    F

    Fixed trust - other than a fixed unit trust or public unit trust described in UP or Q

    H

    Hybrid trust

    S

    Discretionary trust - where the main source of income of the trust is from service and/or management activities

    T

    Discretionary trust - where the main source of income of the trust is from trading activities

    I

    Discretionary trust - where the main source of income of the trust is from investment activities

    M

    Cash management unit trust

    U

    Fixed unit trust - other than a public unit trust described in P or Q

    P

    Public unit trust (listed) - other than a cash management unit trust

    Q

    Public unit trust (unlisted) - other than a cash management unit trust

    Table 2: Description of trusts

    Special disability trust

    A trust which has the meaning given by section 1209LExternal Link of the Social Security Act 1991

    Deceased estate

    See appendix 9

    Fixed trust

    A trust in which persons have fixed entitlements (as defined in section 272-5External Link of Schedule 2F to the ITAA 1936) to all income and capital of the trust at all times during the income year

    Hybrid trust

    A trust that is not a fixed trust but in which persons have fixed entitlements (as defined in section 272-5External Link of Schedule 2F to the ITAA 1936) to income or capital of the trust during the income year

    Discretionary trust

    A trust that is not a fixed trust within the meaning of section 272-5External Link of Schedule 2F to the ITAA 1936. See also section 102UC(4)External Link of the ITAA 1936

    Fixed unit trust

    A fixed trust in which interest in the income and capital of the trust are represented by units

    Public unit trust

    A fixed unit trust that is a widely held unit trust (as defined in section 272-105External Link of Schedule 2F to the ITAA 1936) at all times during the income year

    Public unit trust: listed

    A public unit trust in which any of its units were listed for quotation on the official list of a stock exchange in Australia or elsewhere during the income year

    Public unit trust: unlisted

    A public unit trust in which none of its units was listed for quotation on the official list of a stock exchange in Australia or elsewhere during the income year

    Appendix B: foreign country codes

    For a comprehensive listing of country and other jurisdiction codes, refer to Foreign country and other jurisdictional codes

    What to read/do next

    For help completing an expanded income tax return:

    Last modified: 05 May 2016QC 20428