E Refundable tax offsets
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End of attention
Show at E the total of the amounts at E1, E2, and E3.
The tax offsets shown at E are refundable, although they must first be offset against gross tax to reduce it to zero, if there is any gross tax to be paid after C has been applied. Any excess of refundable tax offsets is shown at I Tax offset refunds (Remainder of refundable tax offsets) and is applied in calculating the fund’s amount due or refundable. See example 8a and example 8b.
Last modified: 21 Aug 2015QC 44343