ato logo
Search Suggestion:

H Gross payments where ABN not quoted

Last updated 12 February 2019

Did the SMSF receive payments from which the payer had withheld an amount because the SMSF had not provided its ABN?


Leave H blank. Go to I.


Read on.

Write at H the gross value of all payments made to the SMSF where payers withheld an amount because the SMSF had not provided its ABN. The amount at H should not be reduced by any loss or outgoing related to the income.

The amount that you write at H must be the gross value, that is, it must include both the amounts paid to the SMSF and the amounts that payers withheld.

The payers must give you a PAYG payment summary (or equivalent information) with their payment or as soon as practical after they make the payment. The PAYG payment summary:

  • includes the information that you need to complete H
  • must be kept with your tax records. For more information see Record keeping requirements.

You must also:

If you include an amount at H that is exempt current pension income, include it also at Y Exempt current pension income.

See also:

  • PAYG withholding
  • Division 18 of Schedule 1 of the Taxation administration Act 1953
Start of example

Example: PAYG withheld because ABN not quoted

In 2014–15, SMSF H received $5,100 from a company. That company also gave SMSF H a PAYG payment summary which stated that the company had withheld $4,900 tax from the payment.

SMSF H reports:

H Gross payments where ABN not quoted in Section B $10,000

H3 Credit for tax withheld – where ABN or TFN not quoted (non-individual) in Section D $4,900

End of example