About question 19

Are you an Australian resident for tax purposes who: had either a direct or an indirect interest in a controlled foreign company (CFC), or at any time, directly or indirectly transferred or caused the transfer of property (including money) or services to a non-resident trust?
No	go to question 20 Foreign source income and foreign assets or property, or   return to main menu Tax return for individuals instructions.
Yes	Read below.

What you need

The Foreign income return form guide (NAT 1840).

Part A

The controlled foreign company (CFC) measures may apply to income and gains of foreign companies in which you had a direct or indirect controlling interest, or which you effectively controlled. Read chapter 1 of the Foreign income return form guide for more information.

Completing this part

Did you have either a direct or indirect interest in a CFC?
No	Print X in the No box at I item 19 on page 14 of your tax return. Go to part B below.
Yes	Read below.

Did you, alone or with associates: have direct or indirect controlling interests totalling 10% or more in a foreign company, or   have effective control of a foreign company?
No	Print X in the No box at I item 19 on page 14 of your tax return. Go to part B below.
Yes	Read on.

Step 1

Print X in the Yes box at I item 19 on page 14 of your tax return.

Step 2

Work out your attributed foreign income from any CFC.

Step 3

Write this amount at K item 19. Do not show cents. Read on.

Part B

The transferor trust measures may apply if, at any time, you directly or indirectly transferred or caused the transfer of property (including money) or services to a non-resident trust. A trust is a non-resident trust if no trustee of the trust estate was an Australian resident, and the trust estate's central management and control was not in Australia, at any time during the income year. Read chapter 2 of the Foreign income return form guide for more information.

Completing this part

Did you, at any time, directly or indirectly transfer or cause the transfer of property (including money) or services to a non resident trust?
No	Print X in the No box at W item 19 on page 14 of your tax return.
Yes	Read below.

Step 1

Print X in the Yes box at W item 19 on page 14 of your tax return.

Step 2

Work out your attributed foreign income from transferor trusts.

Step 3

Write the amount you worked out at step 2 at B item 19. Do not show cents.

Step 4

On a separate sheet of paper, print SCHEDULE OF ADDITIONAL INFORMATION - ITEM 19. Print your name, address, tax file number, the name of the non-resident trust and its trustee or trustees, and the amount of any attributable income in relation to the trust. Attach your schedule and attach it to page 3 of your tax return.

Step 5

Print X in the Yes box at Taxpayer's declaration question 2a on page 12 of your tax return. Read on.

Check that you have …

• written on your tax return your attributed foreign income from all CFCs
• written on your tax return your attributed foreign income from transferor trusts
• attached to page 3 of your tax return your SCHEDULE OF ADDITIONAL INFORMATION - ITEM 19, if you need to send us one.

Where to go next go to question 20 Foreign source income and foreign assets or property   return to main menu Tax return for individuals instructions, or   go back to question 18 Capital gains.