• F7 Credit: refundable National rental affordability scheme tax offset

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

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    Show at F7 the amount of national rental affordability scheme tax offset entitlement.

    The national rental affordability scheme (NRAS) is designed to encourage large-scale investment in affordable housing. The NRAS offers incentives to providers of new dwellings on the condition that they are rented to low and moderate income households at 20 per cent below market rates.

    The refundable tax offset is only available where the Housing Secretary from the Department of Families, Housing, Community Services and Indigenous Affairs has issued a certificate under the NRAS. In order to claim the offset in the 2008-09 income year, the NRAS certificate must relate to the NRAS year comprising the period 1 July 2008 to 30 April 2009.

    For more information, see the publication National rental affordability scheme - refundable tax offset and other taxation issues.

    F Eligible credits

    Show at F the total of the amounts at:

    • F1 Credit: interest on early payments
    • F2 Credit: foreign resident withholding
    • F3 Credit: ABN/TFN not quoted (non-individual)
    • F4 Credit: refundable franking credits
    • F5 Credit: no-TFN tax offset
    • F6 Credit: interest on no-TFN tax offset, and
    • F7 Credit: refundable National rental affordability scheme tax offset.
    Last modified: 25 Nov 2009QC 21714