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  • Trigger points that will require completion of this schedule

    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

    If you are a relevant company, partnership or trust, you must complete an International dealings schedule if you have written an amount or 'Y' (for yes) at certain labels in your relevant tax return listed below.

    Company tax return 2012

    Question 7 Reconciliation to taxable income or loss
    Label P: Offshore banking unit adjustment.

    Question 26 International related party dealings/transfer pricing
    Label Y: Was the aggregate amount of the transactions or dealings with international related parties (including the value of property transferred or the balance outstanding on any loans) greater than $2 million?

    Question 27 Overseas interests
    Label Z: Did you have overseas branch operations or a direct or indirect interest in a foreign trust, foreign company, controlled foreign entity or transferor trust?

    Question 28 Thin capitalisation
    Label O: Did the thin capitalisation provisions apply as outlined in the instructions and the guide Thin capitalisation?

    Partnership tax return 2012

    Question 22 Attributed foreign income
    Label S: Did you have either a direct or indirect interest in a foreign trust, controlled foreign company or transferor trust?

    Question 29 Overseas transactions
    Label W: Was the aggregate amount of your transactions or dealings with international related parties (including the value of any property/service transferred or the balance of any loans) greater than $2 million?

    Trust tax return 2012

    Question 22 Attributed foreign income
    Label S: Did you have either a direct or indirect interest in a foreign trust, controlled foreign company or transferor trust?

    Question 29 Overseas transactions
    Label W: Was the aggregate amount of your transactions or dealings with international related parties (including the value of any property/service transferred or the balance of any loans) greater than $2 million?

    Note: If thin capitalisation rules apply to your partnership or trust, you may be required to complete the International dealings schedule. You should refer to the Partnership income tax return instructions and Trust income tax return instructions for 2012.

    Last modified: 08 Aug 2014QC 26054