• Net PSI

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Completing this item

    To work out your net PSI go through the following steps:

    Step1, Add up the amounts shown at M, N, O and J item P1.

    Step2, Add up the amounts shown at K and L item P1.

    Step3, Subtract the amount calculated at Step 2 from the amount calculated at Step 1. Write your answer at A item P1.

    Step4, Transfer the amount at A item P1 to A item 13 on page 9 of your tax return (supplementary section).

    If the amount is a loss, you must:

    • print L in the LOSS box at the right of A item P1
    • print L in the LOSS box at the right of A item 13 on your tax return (supplementary section).
    Last modified: 01 Sep 2006QC 18499