ato logo
Search Suggestion:

J TOFA transitional balancing adjustment

Last updated 12 February 2019

Show at J the fund’s assessable or deductible amount from a transitional balancing adjustment for the income year, as a result of making the transitional election for existing financial arrangements.

If the transitional balancing adjustment is a deductible amount, print L in the Loss box.

Working out the fund's total assessable TOFA gains, deductible TOFA losses, and TOFA transitional balancing adjustment

Ensure you take into account at H, I and J any amount in relation to a TOFA financial arrangement that you have shown at:

  • C Gross interest item 10

D Net foreign income item 10

  • D1 Gross foreign income item 10
  • I Gross distribution from partnerships item 10
  • J Unfranked dividend amount item 10
  • N Trust distributions unfranked amount item 10
  • Q Trust distributions other amounts item 10

G Foreign Exchange Gains item 10

  • S Other income item 10
  • A Interest expenses within Australia item 11
  • B Interest expenses overseas item 11

R Foreign exchange losses item 11

  • L Other deductions item 11.

You should take into account only once an amount at one of H, I and J.