H2 Credit for tax withheld - foreign resident withholding



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Show at H2 the total amount of tax withheld from payments to the fund that were subject to foreign resident withholding in Australia. This includes the fund’s share of foreign resident withholding credits for amounts subject to such withholding and distributed to the fund from a partnership or trust.

You complete H2 only if the amount was withheld in Australia and remitted to the ATO.

Where a credit is claimed at H2 for tax withheld under foreign resident withholding, the corresponding gross payment must be included at I Gross distribution from partnerships, Q Trust distributions other amounts, or S Other income (see gross payments subject to foreign resident withholding) item 10.

Last modified: 05 Nov 2014QC 40267