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    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    An individual who was not in a partnership carrying on a business does not need to lodge a partnership tax return where the only income derived jointly (or in common) with another person was:

    • rent from a jointly owned investment property
    • interest from a jointly held account
    • dividends from jointly held shares.

    In these instances, each individual shows their share of the income and expenses at the appropriate items on their own individual tax return.

    Conservation tillage refundable tax offset

    The government has introduced a refundable tax offset for purchase of an eligible no-till seeder (‘eligible seeder’) used in conservation tillage farming practices. Qualifying primary producers may be entitled to a refundable tax offset of 15% of the cost of an eligible seeder. The refundable tax offset is only available for eligible seeders installed ready for use between 1 July 2012 and 30 June 2015.

    No claims for the offset are made in the partnership return. Where eligible, each partner will claim the offset in the partner’s tax return for the year. The offset claim will be made in accordance with the partner’s share of the partnership in the proportions agreed by the partners.

    For more information, see Conservation tillage refundable tax offset.

    Last modified: 12 Feb 2019QC 40273