Tax Return for Individuals 2012

This document provides instructions for filling in the tax return for individuals for the year 2012. It includes guidelines on how to fill in each section and emphasizes the importance of completing your details accurately to avoid processing delays.

Your tax file number (TFN) See the Privacy note in the Taxpayer’s
declaration on page 12 of your Tax return
for individuals 2012.
Your name Title – for example,
Mr, Mrs, Ms, Miss
Print your full name. Surname or
family name
Given names
NAT 2679–6.2012 IN-CONFIDENCE – when completed PAGE 13
Tax return for individuals2012
(supplementary section)
1 July 2011 to 30 June 2012
Use Individual tax return instructions supplement 2012 to fill in this
tax return. Please print neatly in BLOCK LETTERS with a black or blue
ballpoint pen only. Do not use correction fluid or tape. Print one letter
or number in each box. PrintX in appropriate boxes. Complete your
details carefully to avoid delays in processing your tax return.
13 Partnerships and trusts X or Y
as appropriate and insert the relevant code in the TYPE box.
,
,NDistribution from partnerships .00
,LDistribution from trusts .00
,I
Landcare operations and deduction
for decline in value of water facility .00
XOther deductions relating to distribution .00
TYPE
Primary production If you have a net loss from a partnership
business activity, complete items P3
and P9 in the Business and professional
items schedule for individuals 2012 in
addition to item 13.
, .00,
LOSS
Net primary production distribution
, .00,
Net PSI – transferred fromA on your Business and
professional items schedule for individuals 2012A
LOSS
To complete this item, you must
have read the publication Business
and professional items 2012 and
completed the Business and
professional items schedule for
individuals 2012. Attach the schedule
to page 3 of your tax return.
14 Personal services income (PSI)
,GTax withheld – voluntary agreement
,H
Tax withheld where Australian
business number not quoted .
,J
Tax withheld – labour hire or
other specified payments
.00
.00
INCOME
Share of credits from income and tax offsets
,P
Share of credit for tax withheld where
Australian business number not quoted .
,Q
Share of franking credit
from franked dividends .
,R
Share of credit for tax file number amounts
withheld from interest, dividends
and unit trust distributions
.
,SShare of credit for tax paid by trustee .
,M
Credit for TFN amounts withheld from
payments from closely held trusts .
,B
Share of National rental
affordability scheme tax offset .
,A
Share of credit for amounts withheld
from foreign resident withholding .
,O
Distribution from partnerships,
less foreign income .00
,U
Distribution from trusts, less
net capital gains and foreign income .00
,JLandcare operations expenses .00
,Y
Other deductions relating to
distributions shown atO , U and C .00
TYPE
Non-primary production
Show distributions of:
net capital gains at item 18 and
foreign income at item 19 or 20.
, .00,
LOSS
Net non-primary production distribution
,C
Franked distributions
from trusts .00
M R
R O B E R T S
A N D Y
1 6 6 0 0

17 Net farm management deposits or repayments
PAGE 14 IN-CONFIDENCE – when completed TAX RETURN FOR INDIVIDUALS (supplementary section) 2012
INCOME continued
15 Net income or loss
from business
If you show a loss atB or C
you must complete item P9 in the
schedule for individuals 2012.
,DTax withheld – voluntary agreement
,W
Tax withheld where Australian
business number not quoted .
E
Tax withheld – labour hire or
other specified payments
, .00,
Primary production – transferred from
Y item P8on your Business and professional
items schedulefor individuals 2012
B
To complete this item, you must have read
the publication Business and professional
items 2012 and completed the Business and
professional items schedule for individuals 2012.
Attach the schedule to page 3 of your tax return.
, .00,
Non-primary production – transferred fromZ
item P8 on your Business and professional
items schedule for individuals 2012
C
LOSS
LOSS
.00
,
F
Tax withheld – foreign
resident withholding
.00,
.
Deductible deposits ,D .00
,ROther repayments .00
Your share of deferred losses
from partnership activities ,F .00
,G
Deferred losses from
sole trader activities .00
Item P9 in the Business and professional items schedule for
individuals 2012 must be completed before you complete this item.
16 Deferred non-commercial business losses
, .00,J
Non-primary production
deferred losses
, .00,I
Primary production
deferred losses
, .00,
LOSS
E
Net farm management
deposits or repayments
18 Capital gains G
Did you have a capital gains
tax event during the year?
,HTotal current year capital gains .00
,V
Net capital losses carried
forward to later income years .00
NO YES
, .00,A
Q
Did this CGT event relate to a forestry
managed investment scheme interest that
you held other than as an initial participant?
NO YES
You must printX in the YES box atG if you received a
distribution of a capital gain from a trust.
Net capital gain
19 Foreign entities
I
Did you have either a direct or indirect
interest in a controlled foreign company (CFC)?NO YES , .00,CFC incomeK
W
Have you ever, either directly or indirectly, caused
the transfer of property – including money –
or services to a non-resident trust estate?
NO YES , .00,
Transferor
trust incomeB
Also include atF Australian franking credits from a
New Zealand company that you have received indirectly
through a partnership or trust distribution.
20 Foreign source income and foreign assets or property
EAssessable foreign source income
,
,
.00
.00
,
,
Net foreign pension or annuity income WITHOUT
an undeducted purchase price
Other net foreign employment income
L
T
, .00,
LOSS
, .00,
Net foreign pension or annuity income
WITH an undeducted purchase priceD
, .00,Other net foreign source incomeM
, .00,
Australian franking credits
from a New Zealand companyF
,NExempt foreign employment income .00
O
P
During the year did you own, or have
an interest in, assets located outside Australia
which had a total value of AUD$50,000 or more?
NO YES
Foreign income tax offset , .
LOSS
LOSS
, .00,Net foreign rentR
LOSS
, .00,
Net foreign employment income –
payment summaryU
LOSS
LOSS
,CEarly repayments
exceptional circumstances .00
,NEarly repayments
natural disaster .00
7 3 6 0
X
7 5 0

22 Bonuses from life insurance companies and friendly societies , .00,W
DEDUCTIONS
Add up all the deduction amounts
in the right-hand column.
Transfer this amount toD
on page 4 of your tax return.
TOTAL SUPPLEMENT
DEDUCTIONS , .00,$
.00
.00
.00
.00
Interest deductions ,Q
21 Rent Gross rent ,P
Capital works deductions ,F
Other rental deductions ,U , .00,
LOSS
Net
rent
P less (Q + F + U )
TAX RETURN FOR INDIVIDUALS (supplementary section) 2012 IN-CONFIDENCE – when completed PAGE 15
.00
24 Other income , .00,YCategory 1
, .00,VCategory 2
Type of
income
Tax withheld – lump sum
payments in arrears ,E
Taxable professional income ,Z
.00
INCOME continued
23 Forestry managed investment scheme income , .00,A
Deductible amount of undeducted purchase price
of a foreign pension or annuity , .00,YD11
Personal superannuation contributions
, .00,H
Account
number
Full name
of fund
Fund Australian
business number
Fund tax
file number
D12
Deduction for project pool , .00,DD13
Other deductions – not claimable at itemsD1 to D14
or elsewhere on your tax return
, .00,J
Other
deductions
Description
of claim
, .00,E
Election
expenses
D15
Forestry managed investment scheme deduction , .00,FD14
Number
W
Year
V
Code
U
Product or private ruling information
For the amounts in the right-hand column
at items13 to 24 add up all the income
amounts and deduct any loss amounts.
Transfer this amount toI
on page 3 of your tax return.
TOTAL SUPPLEMENT
INCOME OR LOSS , .00,$
LOSS
6 5 5 4 0

Credit for interest on early payments – amount of interest
CREDIT FOR INTEREST ON TAXPAID
C1 ,L .
PAGE 16 IN-CONFIDENCE – when completed TAX RETURN FOR INDIVIDUALS (supplementary section) 2012
Amount on which family trust distribution tax has been paid
If a trust, partnership or company made a distribution to you on which family trust
distribution tax has been paid, you must read the supplement instructions for
completing A4.
ADJUSTMENT
A4 , .00X
Don’t forget to sign the Taxpayer’s declaration on page 12 of your tax return.
What to do when you have completed this supplementary section
If you completed item 14 on page 13, or 15 or 16 on page 14,
attach your completed Business and professional items schedu
for individuals 2012 to page 3 of your tax return.
Attach your supplementary section to page 12 of your tax retu
For more information, read the Checklist and the subsequent pag
in Individual tax return instructions 2012.
Make sure you answer YES at Taxpayer’s declaration
question 1 on page 12 of your tax return.
If you completed item 13 on page 13 and you were asked to
complete the Business and professional items schedule for
individuals 2012, attach your completed schedule to page 3 of
your tax return.
MARITAL
STATUS
T13 Entrepreneurs tax offset
, .00N
Net small business
entity income
CODE
, .00K
Small business entity
aggregated turnover
Read the information on T13 in the supplement
instructions before completing this item.
O
TAX OFFSETS
T8 Zone or overseas forces , .00R
T9 20% tax offset on net medical expenses over the threshold amount , .00X
T10 Dependent relative , .00B
T11 Landcare and water facility , .00T
Landcare and water facility tax offset
brought forward from earlier years
Tax offsets – do not show cents
.00T7 Superannuation contributions
on behalf of your spouse Contributions paid , .00A
You must also complete Spouse details – married or de facto on pages 9–11 of your tax return.
We use this amount to work out your mature age
worker tax offset entitlement. Do not include it in
your total supplement tax offsets below.
T12 Net income from working
– supplementary sectionM
LOSS
, .00
Transfer this amount to
page 5 of your tax return at
TOTAL SUPPLEMENT
TAX OFFSETS , .00$
Add up all the tax offset amounts at items
T7 , T8 , T9 , T10, T11 and T14.
T14 Other tax offsets , .00C
CLAIM
TYPE
If you are entitled to a tax offset for low income, do not write it
anywhere on your tax return. The Tax Office will work it out for you.
T