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  • J TOFA transitional balancing adjustment



    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.

    Last modified: 13 Feb 2019QC 44343