R5 Pre 1 July 1988 funding credits
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End of attention
Show at R5 the amount by which the fund (if it is a complying superannuation fund) chooses to reduce contributions, which would otherwise be included in its assessable income, through applying available pre-1 July 1988 funding credits (section 295-265 of the ITAA 1997).
Subsection 295-265(2) sets out the methodology to determine whether funding credits are available. Subsections 295-265(5) and (6) limit the amount of funding credits that can be used.
R5 is used to determine R Assessable contributions.
Last modified: 21 Aug 2015QC 44343