Things you need to know
Declare at this question your interests in foreign entities if you're an Australian resident for tax purposes who either:
- has a direct or an indirect interest in a controlled foreign company (CFC)
- at any time, directly or indirectly transfers or causes the transfer of property (including money) or services to a non-resident trust.
If you're entitled to one or more distributions from trusts, you must attach a completed Trust income schedule 2025 to your tax return.
If you're a temporary resident, don't show your foreign investment income at this question. See, Tax-free income for temporary residents in Amounts that you don't pay tax on 2025 for the definition of a temporary resident and details of the exemption.
What you need to answer this question
You'll need the Foreign income return form guide to answer this question.
Completing your supplementary tax return
To complete this question, answer:
Part A
The controlled foreign company (CFC) measures may apply to income and gains of foreign companies in which you have a direct or indirect controlling interest, or which you effectively control. For more information, see Foreign income return form guide – Chapter 1.
Completing this part
Do you have either a direct or indirect interest in a CFC?
- No – Print X in the No box at question 19 – label I in your supplementary tax return. Go to Part B.
- Yes – Read on.
Do you, alone or with associates either have:
- direct or indirect controlling interests totalling 10% or more in a foreign company
- effective control of a foreign company?
If you answer:
- No – Print X in the No box at question 19 – label I in your supplementary tax return. Go to Part B.
- Yes – Follow the steps.
Step 1
Print X in the Yes box at question 19 – label I in your supplementary tax return.
Step 2
Work out your attributed foreign income from any CFC.
Step 3
Write this amount at question 19 – label K. Don't show cents. Go to Part B.
Part B
Use the following information to complete Part B.
Completing this part
The transferor trust measures may apply if, at any time, you directly or indirectly transfer or cause the transfer of property (including money) or services to a non-resident trust. A trust is a non-resident trust if both of the following apply:
- no trustee of the trust estate is an Australian resident
- the trust estate's central management and control isn't in Australia, at any time during the income year.
For more information, see Foreign income return form guide – Chapter 2.
Do you, at any time, directly or indirectly transfer or cause the transfer of money, property or services to a non-resident trust?
- No – Print X in the No box at question 19 – label W in your supplementary tax return.
- Yes – Follow the steps.
Step 1
Print X in the Yes box at question 19 – label W in your supplementary tax return.
Step 2
Work out your attributed foreign income from transferor trusts.
Step 3
Write this amount at question 19 – label B. Don't show cents.
Step 4
You need to provide additional information:
- write on a separate sheet of paper
- the heading Schedule of additional information – question 19
- your name, address and TFN
- the name of the non-resident trust and its trustee or trustees
- the amount of any attributable income in relation to the trust
- print X in the Yes box at Taxpayer's declaration – question 2 in your tax return
- attach your schedule to your tax return.
Checks before moving to the next question
Check that you:
- write in your supplementary tax return your attributed foreign income from all CFCs
- write in your supplementary tax return your attributed foreign income from transferor trusts
- attach your Schedule of additional information – question 19 to your supplementary tax return, if you need to send us one
- attach your Trust income schedule 2025, if you need one.
Where to go next
- Go to question 20 Foreign source income and foreign assets or property 2025.
- Return to main menu Individual supplementary tax return instructions 2025.
- Go back to question 18 Capital gains 2025.