Tax withheld where ABN not quoted
Print at label T Tax withheld where ABN not quoted the total of amounts withheld from income subject to withholding where an ABN was not quoted. This amount equals the sum of the amounts shown in the tax withheld boxes on the Non-individual PAYG payment summary schedule 2023.
For instructions on completing the schedule, see Non-individual PAYG payment summary schedule 2023.
Do not include any share of amounts withheld that is a distribution from another trust or partnership where an ABN was not quoted. Print this at item 8 Partnership and trusts – label C Share of credit for tax withheld where ABN not quoted.
If you show an amount of tax withheld at label T, you need to declare, as appropriate, the corresponding gross income at:
- item 5 – label C Gross payments where ABN not quoted
- item 5 – label D Gross payments where ABN not quoted.
Credit for tax withheld – foreign resident withholding
Complete this entry only if the trust is a non-resident trust and the amount was withheld in Australia and remitted to us.
Print at label U Credit for tax withheld – foreign resident withholding (excluding capital gains) the total amount of tax withheld from payments subject to foreign resident withholding. Do not include any share of foreign resident withholding credits distributed to the trust from other trusts or partnerships.
Do not include at label U any amount for foreign resident capital gains withholding. This amount should be shown at item 21 Capital gains – label B Credit for foreign resident capital gains withholding amounts.
If you claim a credit at label U for tax withheld under foreign resident withholding, you must show the corresponding gross payments amount at item 5 – label B Gross payments subject to foreign resident withholding (excluding capital gains).
Continue to: 8 Partnerships and trusts
Return to: Instructions to complete the Trust tax return 2023