• International dealings schedule

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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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    You do not need to complete an International dealings schedule 2012 (NAT 73345) if the trust was a subsidiary member of a consolidated group for the entire income year.

    Where the trust is a member of a consolidated group for the whole income year and the thin capitalisation rules apply, the responsibility for preparing the schedule will rest on the head company of the consolidated group.

    Where a return is required because the trust has a period in the income year when it was not a member of a consolidated group (a non-membership period), the trust should complete an International dealings schedule 2012 where the thin capitalisation rules apply to the trust during the non-membership period.

    In other cases, complete an International dealings schedule 2012. If the thin capitalisation rules apply to the trust, attach the International dealings schedule 2012 to the trust's tax return.

    For more information, see appendix 3.

    Last modified: 13 Aug 2014QC 28037