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Item 1: Project pools

Last updated 22 June 2005

At U, write the number of project pools you have. A separate project pool is required for each project.

At V, write the total closing pool value of all your project pools for the previous income year.

At W, write the total closing pool value of all your project pools for this income year.

The closing pool value of a project pool is:

  • the closing pool value for the previous year (if any) plus
  • any project amounts allocated for the year less
  • the deduction for project amounts for the year (worked out assuming the project operates wholly for a taxable purpose), adjusted in some cases (for certain forex realization gains or losses, for example).

QC27545