• Section C: Deductions

    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

    This section deals with all deductions relating to 2014–15. Do not show cents for any amount you write at this section on the fund tax return.

    Danger

    Do not show anywhere on the tax return any expenses that the fund incurred in deriving exempt current pension income. This means that those expenses cannot be included as part of any other deductions claimed at A to L.

    End of danger

    Do not show anywhere in this section any expenses that the fund incurred in deriving non-arm’s length income and used to calculate U Net non-arm’s length income item 10. This means that those expenses cannot be included as part of any other deductions claimed at A to L.

    Last modified: 21 Aug 2015QC 44343