Partnership information

Tax file number (TFN)

Write the TFN of the partnership in the boxes in the tax return.

Attachments to the tax return

If these instructions ask you to provide additional information, attach the additional information to the tax return. Print X in the Yes box at Have you attached any ‘other attachments’?

If you complete the tax return, you don't need to attach any other documents to it, print X in the No box.

Name of partnership

Write the name of the partnership in the boxes in the tax return. The partnership name should be consistent from year to year, except in the year of a name change.

If you legally change the partnership name, advise us in writing at the time the change is made. Include the previous name of your partnership in the tax return, if applicable.

If the partnership name has changed due to the partnership being reconstituted, you need to supply a schedule of additional information with the following details:

• the date of dissolution
• the date of the reconstitution
• the names of the new, continuing and retired partners
• the TFN or address and date of birth of all new partners
• the persons authorised to act on behalf of the partnership, if these details have changed.

Australian business number (ABN)

Write the ABN of the partnership in the boxes in the form.

Previous name of partnership, current and previous postal address

Write in the tax return:

• the previous name of the partnership as on the last tax return, if applicable
• the current postal address
• the previous postal address from the last tax return, if applicable.

Use C/- when ‘care of’ is part of the address.

Full name of partner to whom notices should be sent

Write the family name and given names of the partner to whom notices should be sent.

If the partner is:

• a company, show the name and the ABN of the company
• a trustee of a trust, show the name of the trustee and trust – if the trustee is a company, show the name and ABN of the company.

Interposed entity election status

You must complete this item if any of the following apply:

• The partners are making one or more interposed entity elections specifying a day in the 2004–05 or later income year in accordance with section 272-85 of Schedule 2F to the Income Tax Assessment Act 1936 (ITAA 1936).
• The partners have previously made one or more interposed entity elections specifying a day in the income years from 1994–95 to 2023–24 in accordance with all of the following
  • section 272-85 of Schedule 2F to the ITAA 1936
  • if applicable, items 23 or 23A of Schedule 1 to the Taxation Laws Amendment (Trust Loss and Other Deductions) Act 1998,
  • at least one interposed entity election has not been revoked in an income year before 2024–25 in accordance with subsections 272-85(5A) to 272–85(8) of Schedule 2F to the ITAA 1936.
• The partners are revoking, from a time in 2024–25, one or more previously made interposed entity elections in accordance with section 272-85 of Schedule 2F to the ITAA 1936.

A partner can't make an interposed entity election specifying a year earlier than 2004–05 in the Partnership tax return 2025 (section 272-85 of Schedule 2F to the ITAA 1936).

For more information, see Interposed entity election or revocation 2025.

Find out more about:

• Making an interposed entity election
• Revocation
• Lodging the interposed entity election or revocation
• Family trust distribution tax

Making an interposed entity election

If the partners are making one or more interposed entity elections specifying a day in 2004–05 or a later income year, write the earliest income year specified in the box at this item. You'll also need to complete an Interposed entity election or revocation 2025 for the election, specifying a day in 2004–05 or the later income year.

 

If the partners have previously made one or more elections specifying a day in an income year before 2024–25, write the earliest income year specified in the box at this item unless the partners are making one or more elections specifying a day in 2004–05 or a later income year.

 

The partners may have previously made one or more elections specifying a day in an income year before 2004–05 and took advantage of the one-off opportunity in Law administration practice statement PS LA 2004/1 (GA) (Withdrawn) Lodgment opportunity for family trust and interposed entity elections to specify an earlier year. In this situation, write the earliest income year specified in the box, unless the partners are making one or more elections specifying a day in 2004–05 or later income year.

Revocation

An interposed entity election can only be revoked by the partners of a partnership that satisfy all the relevant conditions in section 272-85 of Schedule 2F to the ITAA 1936.

The revocation must be made with the partnership's tax return for the income year from which the revocation is to be effective.

If the partners revoke from 2024–25 the interposed entity election they made:

• print R in the box at this item
• complete an Interposed entity election or revocation 2025
• attach it to the Partnership tax return 2025.

Lodging the interposed entity election or revocation

If the partnership’s tax return isn't lodged electronically, and the Interposed entity election or revocation 2025 is being lodged with the Partnership tax return 2025, send the tax return and the Interposed entity election or revocation 2025 to the address below.

Where a Partnership tax return 2025 isn't required, and the Interposed entity election or revocation 2025 is required, send the completed form to the address below, no later than 2 months after the end of 2024–25.

AUSTRALIAN TAXATION OFFICE
GPO BOX 9845
[INSERT THE NAME AND POSTCODE OF YOUR NEAREST CAPITAL CITY]

Family trust distribution tax

A consequence of a partnership making an interposed entity election is that, under section 271-25 of Schedule 2F to the ITAA 1936, a special tax 'family trust distribution tax' (FTDT), is payable at 47%. FTDT applies to any conferral of present entitlement to, or distribution of, income or capital of the partnership to persons who are not members of the family group of the specified individual within the meaning of section 272-90 of that schedule.

A distribution of income or capital by a partnership is defined in sections 272-55 and 272-60 of Schedule 2F to the ITAA 1936.

You'll need to complete and send us the Family trust distribution tax payment advice with your FTDT payment.

Make cheques or money orders payable to the Deputy Commissioner of Taxation and print ‘Not negotiable’ across the cheque. Tender all cheques in Australian currency. Don't send cash by post. Other payment options are also available, see How to pay.

Final tax return

Print X in appropriate box.

If the partnership doesn't expect to lodge further tax returns, print X in the Yes box.

You must also attach to your tax return a statement providing both the:

• reason further tax returns won't be lodged
• manner of disposal of any assets of the partnership if not disclosed elsewhere in the tax return.

If it is the final tax return because the partnership has been reconstituted, include in the statement the names of the partners in the new partnership and the trading name, if any, of the new partnership.

Print X in the No box if this is the final tax return because both of the following apply:

• the partnership became a subsidiary member of a consolidated group or MEC group during 2024–25
• membership of the consolidated group or MEC group is the only reason for which the partnership won't be required to lodge future tax returns.

Continue to: Business description and status – items 1 and 2

Return to: Instructions to complete the Partnership tax return 2025