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  • E Refundable tax offsets



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

    End of attention

    Add the amounts at E1, E2 and E3 and write the total at E.

    The tax offsets shown at E are refundable, although they must first be offset against gross tax to reduce it to zero, if there is any gross tax to be paid after label C has been applied to gross tax. Any excess of offsets should be recorded at label I and will be available as a refundable (credit) amount for the purpose of calculating the fund tax liability. See example 9a and example 9b.

    Last modified: 13 Feb 2019QC 25835