J TOFA transitional balancing adjustment

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

Show at J the fund’s assessable or deductible amount from a transitional balancing adjustment for the income year, as a result of making the transitional election for existing financial arrangements.

If the transitional balancing adjustment is a deductible amount, print L in the Loss box.

Working out the fund's total assessable TOFA gains, deductible TOFA losses, and TOFA transitional balancing adjustment

Ensure you take into account at H, I and J any amount in relation to a TOFA financial arrangement that you have shown at:

• C Gross interest item 10

D Net foreign income item 10

• D1 Gross foreign income item 10
• I Gross distribution from partnerships item 10
• J Unfranked dividend amount item 10
• N Trust distributions unfranked amount item 10
• Q Trust distributions other amounts item 10

G Foreign Exchange Gains item 10

• S Other income item 10
• A Interest expenses within Australia item 11
• B Interest expenses overseas item 11

R Foreign exchange losses item 11

• L Other deductions item 11.

You should take into account only once an amount at one of H, I and J.