If you have more joint income groups than can fit onto worksheet 1 or 2 you can use copies of this worksheet.
Worksheet 1: Extra joint income groups
|
(g) Joint income group (2) name: |
(g) Joint income group (3) name: |
||||
Gross income amounts |
(a) |
(b) |
(c) |
(d) |
(e) |
(f) |
Interest |
shown at L item 10 |
|
|
|
|
|
Dividends |
shown at S, T and U item 11 |
|
|
|
|
|
Distributions from trusts |
shown at L and U item 13 |
|
|
|
|
|
Net farm management withdrawals |
shown at E item 17 |
|
|
|
|
|
Foreign entities |
shown at K, B and C item 19 |
|
|
|
|
|
Foreign source income |
gross income amount shown at E or F item 20 |
|
|
|
|
|
Capital gains |
from trusts only, shown at H item 18 |
|
|
|
|
|
Gross rent |
shown at P item 21 |
|
|
|
|
|
Bonuses from life insurance companies and friendly societies |
shown at W item 22 |
|
|
|
|
|
Forestry managed investment scheme income |
shown at A item 23 |
|
|
|
|
|
Other income |
shown at Y and V item 24 |
|
|
|
|
|
Total gross income |
Total each column |
|
||||
Step 4 Transfer totals |
to (j) on worksheet 2. |
to (k) on worksheet 2. |
to (j) on worksheet 2. |
to (k) on worksheet 2. |
||
Worksheet 2: Extra joint income groups
|
(g) Joint income group (2) name: |
(g) Joint income group (3) name: |
||||
Deductions |
(a) |
(b) Amount on your tax return |
(c) Deductions relating to jointly earned non-business income |
(d) Deductions relating to jointly earned business income |
(e) Deductions relating to jointly earned non-business income |
(f) Deductions relating to jointly earned business income |
Low value pool deduction |
shown at K item D6 |
|
|
|
|
|
Interest deductions (eg bank fees) |
shown at I item D7 |
|
|
|
|
|
Dividend deductions |
shown at H item D8 |
|
|
|
|
|
Cost of managing tax affairs |
shown at M item D10 |
|
|
|
|
|
Other deductions relating to distribution |
amount shown at X and Y item 13 that relates to trust distributions only |
|
|
|
|
|
Net farm management deposit deductions |
you included when calculating the amount shown in E item 17 |
|
|
|
|
|
Foreign source income deductions |
you included when calculating the amount shown in T, L, D, R, and M item 20 |
|
|
|
|
|
Rent |
shown at Q, F and U item 21 |
|
|
|
|
|
Australian film industry incentives |
shown at G, item D11 |
|
|
|
|
|
Forestry managed investment scheme deduction |
shown at F item D15 |
|
|
|
|
|
Other deductions |
shown at J item D16 |
|
|
|
|
|
Personal services income deductions |
shown at K and L item P1 |
|
|
|
|
|
Total deductions |
Total each column except (c) |
|
Do not total column (c) |
(g) |
(h) |
(i) |
Total gross income for each joint income group. |
Transfer amounts from Worksheet 1 |
(j) |
(k) |
|||
Joint income |
For each joint income group take:
|
|
|
Transfer amount at (g) to (d) on Worksheet 6 |
(l) |
(m) |
Joint income group net income |
Add (l) and (m) together |
|
|
|
(n) |
|
Step 5 If the amount at (n) above is positive go to table 1, if (n) is negative go to table 2.