myTax 2023 Landcare and water facility

Things to know

Complete this section if you have an unused 'landcare and water facility' tax offset from a previous year that you can use this year.

The amount of your excess or unused landcare and water facility tax offset is shown on your notice of assessment or amended notice of assessment for the year ending 30 June 2022.

There is no limit to the number of years you can carry forward any balance of landcare and water facility tax offset.

Completing this section

You will need your notice of assessment or amended notice of assessment for the year ending 30 June 2022 that should show the amount of your excess or unused landcare and water facility tax offset.

To personalise your return to show a landcare and water facility tax offset, at Personalise return, select:

• You are claiming tax offsets or adjustments
• Other tax offsets

To show your landcare and water facility tax offset, at Prepare return select 'Add/Edit' at the Offsets banner.

Use the following steps and Worksheet 1 to work out your tax offset and show it at the Landcare and water facility heading:

1. Show the amount of any excess or unused landcare and water facility tax offset carried forward from a previous year at row a in Worksheet 1.
2. Do you have any unused net exempt income?
   Unused net exempt income is any net exempt income left after deducting any tax losses of earlier income years from that year's net exempt income.
   For more information, see Amounts that you do not pay tax on.
   No – show zero (0) at rows b and c in Worksheet 1. Go to step 4.
   Yes – show the amount of unused net exempt income at row b in Worksheet 1. Go to step 3.
3. The landcare and water facility tax offset carried forward from the previous year is reduced by 30 cents for every dollar of unused net exempt income, provided you had taxable income for that year.
   Multiply the unused net exempt income by 30%. Show that amount at row c in Worksheet 1.
   If you have net exempt income and are unsure how to calculate the landcare and water facility tax offset carried forward from a previous year, contact us for more information.
4. Subtract row c from row a.
5. Enter the amount from row d in Worksheet 1 at Offset amount.
6. Select Save and continue when you have completed the Offsets section.

Worksheet 1

Row	Description	Amount
a	Excess or unused landcare and water facility tax offset carried forward from a previous year	$
b	Unused net exempt income	$
c	Multiply row b by 30%	$
d	Subtract row c from row a This is your offset amount. Show it at Offset amount in myTax.	$

How to determine your entitlement to a landcare and water facility tax offset when you lodge your return using myTax.