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Foreign source income

Last updated 12 February 2019

D Was the amount of foreign income tax paid greater than $100,000 OR was the amount of assessable foreign income greater than $500,000?

Print X in the appropriate box.

Assessable foreign income is all income sourced from overseas, and includes interest, dividends, attributable income through the controlled foreign company (CFC) regime, and foreign-sourced capital gains.

For more information on foreign income tax, see Guide to foreign income tax offset rules.

For more information on foreign sourced capital gains, see the:

  • Foreign income return form guide, and
  • Guide to capital gains tax 2011.

E Transactions with specified countries

Print X in the appropriate box.

Did the fund directly or indirectly send to, or receive from, one of the countries listed in table 10, any funds or property? This includes sending or receiving the funds or property indirectly, for example, through another entity or country.

Or does the fund have the ability to control the disposition of any funds, property, investments or any other assets located in any of the countries listed in table 10?

This includes:

  • funds or assets that may be located elsewhere but are controlled or managed from one of the countries listed in table 10 below, and
  • where you have an expectation that you are able to control the disposition of the funds or assets or you can control the disposition indirectly, for example, through associates.

Table 10: Listed countries

Andorra

Cook Islands

Liechtenstein

San Marino

Anguilla

Cyprus

Marshall Islands

Seychelles

Antigua and Barbuda

Dominica

Mauritius

St Kitts and Nevis

Aruba

Gibraltar

Monaco

St Lucia

Bahamas

Grenada

Montserrat

St Vincent and the Grenadines

Bahrain

Guernsey

Nauru

Turks and Caicos Islands

Belize

Isle of Man

Netherlands Antilles

US Virgin Islands

Bermuda

Jersey

Niue

Vanuatu

British Virgin Islands

Labuan in Malaysia

Panama

 

Cayman Islands

Liberia

Samoa

 

You are not required to lodge a schedule if you have answered Yes to this question.

QC28016