• Section C: Deductions

    This section deals with all deductions relating to 2015–16. Do not show cents for any amount you write at this section on the fund tax return.

    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.

    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: 15 Jul 2016QC 48112