• Worksheet

    Use this worksheet to work out your proportion of the trust's instalment income. This worksheet is based on the Trust tax return 2016.

    Calculating your proportion of your trust's instalment income

    Formula component

    Item

    Total

    A

    Your assessable income from the trust for the last income year (item 54)

    $

    B

     

     

     

     

     

     

     

     

     

     

    Trust's instalment income for the last income year

     

    Total business income (item 5)

    $

    Distribution from partnerships (items 8A and 8B)

    $

    Distribution from trusts (items 8Z and 8R)

    $

    Gross rent (item 9F)

    $

    Forestry managed investment scheme income (item 10Q)

    $

    Gross interest (item 11J)

    $

    Dividends received (items 12K and 12L)

    $

    Other Australian income (item 14O)

    $

    Other assessable foreign source income (item 23B)

    $

    Taxation of financial arrangements (TOFA), which is total TOFA gains (label 31M) less TOFA losses (label 31N).

    $

    C

     

    Trust's instalment income for the current period

    $

    Your proportion of the trust's instalment income is:

    A x C
    B

    ($.....................$ .....................) = $ .....................
    ($....................)

    $

      Last modified: 12 Aug 2016QC 16276