• Shared care of child or agreed percentage

    If you have both shared care and agreed percentage for the eligible child you can use the following steps to work out your ETR.

    Step 1

    Work out your total eligible education expenses

    $

    A

    Step 2

    Multiply A by your agreed percentage

    $

    B

    Step 3

    Calculate the maximum tax offset amount for this child

    $

    C

    Step 4

    How many days in the year were your eligible?

    $

    D

    Step 5

    Multiply D by your shared care and agreed percentage

     

    E

    Step 6

    Work out the maximum tax offset amount for this child (C x E) divided by 365 - round to two decimal places

     


    F

    Step 7

    Repeat Steps 3 to 6 for each child

     

     

    Step 8

    Add the amounts from F for each child

    $

    G

    Step 9

    Include excess eligible expenses carried forward from the previous year

    $

    H

    Step 10

    Add B and H

    $

    I

    Step 11

    Multiply your expenses from I by 50%

    $

    J

    Step 12

    Use the lower of G or J
    Write the amount at K on your tax claim


    $


    K

      Last modified: 22 Jun 2016QC 21454