One-off opportunity under Practice Statement PS LA 2004/1 (GA) for interposed entities required to furnish an income tax return
Declaration and request for interposed entity election to be treated as applying from an earlier income year.
This form must be lodged where the trust, company or partnership is using the Commissioner's one-off opportunity as set out in Practice Statement PS LA 2004/1 (GA) and the trust, company or partnership is required to furnish an income tax return for the year ended 30 June 2004.
A 2004 interposed entity election specifying the 2004 year will need to be lodged together with this form unless an interposed entity election for an earlier year was lodged with the Tax Office. If an earlier year interposed entity election has previously been lodged, the details of the earlier interposed entity election will need to be completed at paragraph 2(b) of this form.
This form does not replace the interposed entity election which will still be required unless an interposed entity election has previously been lodged with the Tax Office.
This form and the 2004 interposed entity election (if required) must be lodged at the same time as the entity's income tax return.