If your tax position is both a Category A or B RTP and a Category C RTP, you are not required to disclose it in Section B. In this instance, you must disclose this position under section C, as a Category C RTP.
Did you have any Category A or B reportable tax positions (RTPs) for the 2017–18 income year?
If you do not have any Category A and B RTPs that you must disclose on the schedule, select No from the drop-down box.
If you have one or more RTPs that you are disclosing on the schedule, select Yes from the drop-down box and How many reportable tax positions (RTPs) are you reporting? will appear.
How many Category A and B reportable tax positions (RTPs) are you reporting?
Enter the total number of RTPs you are reporting in How many Category A and B reportable tax positions (RTPs) are you reporting? The correct number of RTPs will appear based on the number you type. To make a complete disclosure, complete all fields, for each RTP reported.
When completing the schedule, the Concise description and Basis for position fields will expand when you click on or move onto another field. You will then be able to view all the text within a field.
RTP number
Each Category A or B RTP reported must have a unique number so it can be easily referenced.
In RTP number, type the relevant income year for the RTP, followed by a dash and a number for the RTP with no spaces between the dash and numbers on either side.
A number for the RTP should be a sequential number that identifies your RTPs in the order you report them to us. For example, number the first RTP ‘2018–1’, and each subsequent RTP should be numbered sequentially, for example ‘2018–2’, ‘2018–3’, and so on.
Have you discussed this position with the ATO?
If you have discussed the RTP with the ATO, select Yes from the drop-down box in have you discussed this position with the ATO.
If you have not discussed this position with the ATO, then select No from the drop-down box.
RTP category
Provide the category of RTP you are reporting by selecting box A (for Category A) or B (for Category B) in RTP category. If the RTP you are reporting relates to both categories, select box A & B.
Concise description
Type a concise description of each Category A or B RTP in the Concise description field. You must outline the relevant facts that explain the RTP, including the circumstances, arrangements or transactions relevant to the position. Your explanation must include sufficient detail so that a reasonable person can identify the facts that are important to the position.
This schedule will allow you to type up to 3,000 characters (approximately 500 words) in this field. You can attach additional information.
For examples of how to complete the concise description, see examples.
Basis for position
Outline the position taken in your income tax return, including relevant authorities and any industry or administrative practices.
You do not need to disclose in the schedule:
- that you are in receipt of any advice or opinion about the material RTP
- the content of any advice or opinion.
This schedule will allow you to type up to 3,000 characters (approximately 500 words) in this field. You can attach additional information.
For examples of how to complete the basis for position, see examples.