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IT5 - Net financial investment loss 2013

Complete question IT5 to include a net loss from any financial investments you owned.

Last updated 27 May 2013

This question is about the net loss, if any, from any financial investments you owned.

Did you receive income from, or claim deductions for, shares or investments in managed investment schemes?

Did you receive income from, or claim deductions for:

  • shares in a company
  • an investment in a managed investment scheme, including a forestry managed investment scheme
  • rights or options for shares or managed investment schemes
  • distributions from a partnership that included income or losses from an investment listed above
  • any investment that is of a similar nature to those listed above?
No Write 0 at X item IT5, then



Read on.

The loss you show at this item is the amount by which your deductions relating to your financial investments exceed your income from those investments.

When calculating your net financial investment loss, do not include interest from your everyday transaction accounts.

If you prepare your return electronically

If you prepare your return electronically, either using e-tax or through a tax agent, the IT5 amount will be calculated for you using other questions on your return. If you do not have an IT5 loss this label will show a zero.

You need to check any auto-calculated amounts carefully before you lodge your return.

Refer to the worksheet for information on what should be included in the IT5 calculation.

Managed investment schemes

The investment manager will be able to tell you whether your investment is a managed investment scheme. Managed schemes include:

  • cash management trusts
  • property trusts
  • Australian equity (share) trusts
  • agricultural schemes (which include horticultural, aquaculture and commercial horse breeding schemes).

Investments that are not managed investment schemes include:

  • regulated superannuation funds
  • approved deposit funds
  • debentures issued by a body corporate
  • franchises
  • schemes operated by an Australian bank in the ordinary course of banking business (such as term deposits).


Deductions you can claim for an investment include expenses you pay to:

  • borrow money to purchase an investment
  • manage your investments
  • obtain advice about changes in the mix of your investments.

Completing your tax return

Complete worksheet 1 below.

If you are a partner in one or more partnerships, add up your share of all net financial investment income and deduct your share of all net losses from the partnerships' financial investments. The statement of distribution from each partnership should show these amounts. Write the total at (q).

Worksheet 1


Financial investment income

Dividends from Australian shares from item 11:

  • Unfranked amount




  • Franked amount




  • Franking credit




Managed investment scheme income from U item 13



Share of franked distributions and franking credits from managed investment scheme from C item13



Dividend income or managed investment scheme income from foreign companies from M item 20



Australian franking credits from a New Zealand franking company from F item 20



Forestry managed investment scheme income from A item 23



Any other assessable income from a financial investment



Add all amounts from (a) to (i).



Financial investment deductions

Dividend deductions from Australian shares from item D8



Managed investment scheme deductions included in Y item 13 and H item D8



Forestry managed investment scheme deductions
from F item D14



Any other deductions attributable to a financial investment



Add all amounts from (k) to (n).



Take (o) away from (j). Show a loss as a negative.



Total partnerships investment net income or loss.
Show a loss as a negative.



Add (p) and (q).



If the amount at (r) is negative, write this amount at X item IT5. Otherwise write 0 at X.

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