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Step 4

Last updated 16 March 2007

Work out if you have foreign income from more than one class. Foreign income is divided into different classes for the purpose of allowing a foreign tax credit. These are:

  • passive income
  • lump sum payments from non-resident superannuation funds that are taxed under section 27CAA of the Income Tax Assessment Act 1936
  • other foreign income.

Most taxpayers will only have passive foreign income and other foreign income.