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  • myTax 2019 Landcare and water facility

    This offset applies only if your income tax liabilities from earlier years have not absorbed all of the excess or unused landcare and water facility tax offset available to you.

    On this page:

    Essentials

    The amount of your excess or unused landcare and water facility tax offset is shown on your notice of assessment or amended notice of assessment for the year ending 30 June 2018.

    There is no limit to the number of years you can carry forward any balance of landcare and water facility tax offset.

    Completing this section

    You will need your notice of assessment or amended notice of assessment for the year ending 30 June 2018 that should show the amount of your excess or unused landcare and water facility tax offset.

    Work through Worksheet 1 below to determine the tax offset amount you are entitled to claim.

    1. Show the amount of any excess or unused landcare and water facility tax offset carried forward from a previous year at row a in Worksheet 1.
    2. Do you have any unused net exempt income?
      Unused net exempt income is any net exempt income left after deducting any tax losses of earlier income years from that year's net exempt income.
      For more information, see Amounts that you do not pay tax on.
      No - show zero (0) at rows b and c in Worksheet 1. Go to step 4.
      Yes - show the amount of unused net exempt income at row b in Worksheet 1. Go to step 3.
    3. The landcare and water facility tax offset carried forward from the previous year is reduced by 30 cents for every dollar of unused net exempt income, provided you had taxable income for that year.
      Multiply the unused net exempt income by 30%. Show that amount at row c in Worksheet 1.
      If you have net exempt income and are unsure how to calculate the landcare and water facility tax offset carried forward from a previous year, phone 13 28 66 for more information.
    4. Subtract row c from row a.
    5. Enter the amount from row d in Worksheet 1 at Offset amount.
    6. Select Save and continue when you have completed the Offsets section.
    Worksheet 1

    Row

    Description

    Amount

    a

    Excess or unused landcare and water facility tax offset carried forward from a previous year

    $

    b

    Unused net exempt income

    $

    c

    Multiply row b by 30%

    $

    d

    Subtract row c from row a

    This is your offset amount.

    $

      Last modified: 26 Jun 2019QC 58931