To complete your 2012 tax return, you will need: • A copy of the Individual tax return instructions 2012 • A copy of the Individual tax return instructions supplement 2012 • A copy of t
Trang 1You should use this guide if …
you have received distributions during the
2011–12 financial year from the following
Colonial First State products:
• FirstChoice Investments
• FirstChoice Wholesale Investments
• Colonial First State Managed Investment Funds
• Colonial First State Wholesale Investments
• Diversified Private Equity.
You will receive
• A separate Tax Return Information Statement for each investment
you hold in the products listed above
• If you have withdrawn from your investment (including to pay an
adviser service fee) or switched investments during the year you may also receive a Capital Gains Tax Information Statement from Colonial First State
All this information needs to be included when you complete your 2011–12 income tax return
Please contact your tax agent or
accountant about personal tax matters
For general enquiries about your Colonial First State investments, please refer to ‘Frequently asked questions’ on page 8, or call
Investor Services on 13 13 36, Monday to Friday, 8am to 7pm,
Sydney time
You can view this guide at colonialfirststate.com.au , under
‘Forms & tools’
You may wish to give this guide
to your accountant or tax agent
Tax Guide 2012
2011–12 Tax Return Information Statement Guide
This guide will help you to complete your 2011–12 tax return using your 2011–12 Tax Return Information Statement from Colonial First State
This tax guide provides general information only and does not take into account your individual taxation or financial objectives, situation or needs It is not advice You should discuss the
Trang 21 2 3
This guide helps you in 3 ways
1 Declare distributions from
your Colonial First State
investments in your
personal tax return.
2 Understand the different tax components of your distributions with
a ‘Definitions’ page (these are on page 7
of this guide).
3 Answer some ‘Frequently asked questions’,
that might save you
a phone call, see page 8
of this guide.
To complete your 2012 tax return, you will need:
• A copy of the Individual tax return instructions 2012
• A copy of the Individual tax return instructions
supplement 2012
• A copy of the Tax return for individuals 2012
• A copy of the Tax return for individuals (supplementary
section) 2012
• your Tax Return Information Statement for each of the
Colonial First State products you hold that are listed on
the front page of this guide You will also need taxation
information statements from any other income-paying sources
• your Capital Gains Tax Information Statement for each of the
Colonial First State products from which you have withdrawn
(including to pay an adviser service fee), or switched during
the year and a copy of the Colonial First State Capital Gains
Tax Information Statement guide This guide is not necessary
if you have not withdrawn (including to pay an adviser service
fee) or switched investments during the year
• your quarterly/half-yearly statements if you have paid
an adviser service fee.
If you have capital gains from other sources, or capital losses,
you may also need the ‘Guide to Capital Gains Tax 2012’,
available from the Australian Taxation Office (ATO).
Please read all the instructions in this guide
before you complete the Tax return for individuals
(supplementary section) 2012.
General points when using this guide
• Even if you have reinvested
your distributions they still need to be included in your tax return
• If you have other Colonial
First State investment products and/or income from other sources you need to include all of these amounts in your 2011–12 income tax return
• If you have borrowed
money to invest in any Colonial First State investment products you should be able to claim a tax deduction for any interest you have paid (where your borrowing is capital protected, you should seek specialist taxation advice)
• If you have paid an adviser
service fee you will normally
be able to claim a tax deduction for this
Trang 3Refer to Part A of your Colonial First State Tax Return
Information Statement Then follow the headings step-by-step
Non-primary production income (13U)
Refer to your Tax Return Information Statement; Non-primary
production income will have an amount next to it and a Tax
Return Label (13U) on your Tax Return Information Statement
• Enter this amount (plus any other amounts of non-primary
production income you have from other trusts) at
Question 13 U of your Tax return for individuals
(supplementary section) 2012
Other deductions relating to distributions (13Y)
Refer to your Tax Return Information Statement; there may be
an amount shown to the right of Other deductions relating to
distributions next to Tax Return Label (13Y), for the 2011–12
financial year Usually this would be the interest on your margin
loan If you had a Colonial First State margin loan, details of any
deductible interest will be shown in Part D (Only margin loan
investors will receive Part D) You may also have other deductions
that you can claim against the amount you have entered at
13 U (Note: prepaid interest may not be fully tax deductible)
Deductions you may be able to claim include any adviser service
fee you have paid during the year (these amounts are shown
on your Adviser Service Fee tax invoice), interest on loans used
to finance your trust investments, or other expenses incurred
when earning income from your investments (for example
bank charges)
return for individuals (supplementary section) 2012
Subtract the total deductions at Y from any amount you
entered at U The result should be entered in the ‘Net
non-primary production distribution’ box in Question 13 If this is
a negative amount (a loss) print L in the Loss box to the right
of this figure
Franked distributions (13C)
Refer to your Tax Return Information Statement: Franked
distributions, may have an amount to the right of it and a
Tax Return Label (13C) on your statement
• Enter this amount (and include any franked distributions
your received from other trust partnership distributions)
at Question 13 C of your Tax return for individuals
(supplementary section) 2012
Franked distributions for direct share investments should
not be included here, but at Question 11 in the Tax return
for individuals 2012 (not the supplementary section)
Franking credits (13Q)
Refer to your Tax Return Information Statement; Franking credits
(also referred to as imputation credits) may have an amount to
the right of it and a Tax Return Label (13Q) on your statement
• Enter this amount (and include any franking credits you
Franking credits for direct share investments should not
be included here, but at Question 11 in the Tax return for individuals 2012 (not the supplementary section)
You should seek professional advice if you have disposed
of investments shortly after receiving a distribution with franking credits
Credit for Tax File Number (TFN) amounts withheld (13R)
Refer to your Tax Return Information Statement; Credit for TFN amounts withheld, Tax Return Label (13R) may have an amount to the right of it
return for individuals (supplementary section) 2012
Total current year capital gains (18H)/Net Capital Gain (18A)
If you have no amount to the right of Net Capital Gain (18A)
go to Assessable foreign source income at the top of page 5
of this guide
If there is an amount shown print Y in the box at G at Question 18 on your Tax return for individuals (supplementary section) 2012 Print N in the box at Q at Question 18 unless you have an investment in a forestry managed investment scheme Then work out which circumstance applies to you from the three options below Do you have:
Option 1
Capital gains from Colonial First State only and no capital losses.
Option 2
Capital gains from Colonial First State and other sources and no capital losses.
Option 3
Capital gains from Colonial First State and other sources and capital losses.
Follow the steps for Option 1 below. Follow the steps for Option 2 on page 5. Go to Assessable foreign source income
on page 5 and then Part B on page 6.
Option 1 Question 18
If you have an amount to the right of Total current year capital gains on your Tax Return Information Statement, enter this amount at 18 H on your Tax return for individuals (supplementary section) 2012
Take the amount to the right of Net capital gain on your Tax Return Information Statement and enter it in at 18 A Normally the difference between Total current year gains and Net capital gains is the non taxable CGT concession amount
Then go to Assessable foreign source income, on page 5
of this guide
Use this statement, together with the tax guide, to help you complete your tax return
.
Tax guides are also available on our website at colonialfirststate.com.au
.
PLEASE RETAIN THIS STATEMENT FOR INCOME TAX PURPOSES
FirstChoice Investments
2011/12 Tax Return Information Statement
If you have any questions about this statement, please talk to your financial adviser or accountant You can call Investor Services on 13 13 36, Monday to Friday, between 8am to 7pm, Sydney time
.
Part A
Summary of 2012 tax return (supplementary section) items
Tax return (supplementary section)
Amount ($)
Tax return labe l
Non-primary production income
13,716.88
13U
Other deductions relating to distributions
0.00
13Y
Franked distribution
s
70.48
13C
Franking credits
11.13
13Q
Credit for TFN amounts withhel
d
0.00
13R
Total current year capital gains
13.14
18H
Net capital gain
12.26
18A
Assessable foreign source incom
e
15.76
20E
Other net foreign source income
15.76
20M
Foreign Income Tax Offse
t
0.00
20O
Rebates
29.34
24V
Part B
Capital gains tax information – additional information for item 18
Capital gains - discount method
1.76 (grossed up amount
)
Capital gains - indexation method
9.73
Capital gains - other method
1.65
Total current year capital gains
13.14
Capital gains tax concession amount
2.43
Tax-deferred amount
s
9.27
Account number:070 030123132 Account type :
Individual
Account name : Calc14 Leapyearbb
Sam Sample
74 Perth Road Sydney NSW 2000
FirstRate Term Deposits, FirstRate Saver, FirstRate Investment Deposits and FirstChoice Margin Lending (made available through
Colonial First State’s FirstChoice
Investments and FirstChoice Wholesale Investments product range) are products of the Commonwealth Bank of Australia ABN 48 123
123 124 AFSL 234945 (the
Bank), administered by Colonial First State.
Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) is the issuer of intere
sts in FirstChoice Personal Super,
FirstChoice Wholesale Personal Super, FirstChoice Pension, FirstChoice Wholesale Pension and FirstChoice Employer Super from th
e Colonial First State FirstChoic
e
Superannuation Trust ABN 26 458 298 557 and interests in the Rollover & Superannuation Fund and the Personal Pension Plan from
the Colonial First State Rollover
& Superannuation Fund ABN 88 854 638 840 and interests in the Colonial First State Pooled Superannuation Trust ABN 51 982 884
624.
Investor Services 13 13 36
colonialfirststate.com.au
Page 1 of 6
You will need to refer to the Tax return for individuals (supplementary section) 2012 and your Tax Return Information Statement to complete the following steps.
Summary of 2011–12 Tax return for individuals (supplementary section) items
Part A Tax Return (supplementary section)
Trang 4Your 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 individuals
2012
(supplementary section)
1 July 2011 to 30 June 2012
Use Individual tax r
eturn 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 corr
ection fluid or tape Print one letter
or number in each box Print
X in appropriate boxes Complete your details carefully to avoid delays in pr
ocessing your tax r
eturn.
13 Partnerships and trusts
Include any deferr
ed non-commer cial business losses f
rom a prior year at
X or Y
as appropriate and insert the r
elevant code in the
TYPE box.
,
,
N
Distribution fr
om partnerships
.00
,
L
Distribution fr
om trusts
.00
,
I
Landcare operations and deduction for decline in value of water facility
.00
X
Other deductions r
elating to distribution
.00TYPE
Primary production
If you have a net loss fr
om a partnership business activity
, complete items
P3
and P9 in the Business and professional
items schedule for individuals 2012
in addition to item
13.
Net primary pr oduction distribution
,
Net PSI – transferr
ed from A
on your Business and
professional items schedule for individuals 2012
A
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 r
eturn.
14 Personal services income (PSI)
,
G
Tax withheld – voluntary agr
eement
,
H
Tax withheld wher
e Australian business number not quoted
,
J
Tax withheld – labour hir
e or other specified payments
.00 00
INCOME
Share of credits from income and tax of
fsets
,
P
Share of credit for tax withheld wher
e Australian business number not quoted
,
Q
Share of franking cr
edit from franked dividends
,
R
Share of credit for tax file number amounts withheld fr
om interest, dividends and unit trust distributions
.
,
S
Share of credit for tax paid by trustee
,
M
Credit for TFN amounts withheld fr
om payments fr
om closely held trusts
.
,
B
Share of National r
ental affordability scheme tax of
fset
,
A
Share of credit for amounts withheld from foreign resident withholding
.
,
O
Distribution fr
om partnerships, less foreign income
.00
,
U
Distribution fr
om trusts, less net capital gains and for
eign income
.00
,
J
Landcare operations expenses
.00
,
Y
Other deductions r
elating to distributions shown at
O, Uand C
.00TYPE
Non-primary pr
oduction
Show distributions of:
net capital gains at item
18 and
foreign income at item
19 or 20.
Net non-primary pr
oduction distribution
,
C
Franked distributions from trusts
.00
Use this statement, together with the tax guide, to help you complete your tax return
.
Tax guides are also available on our website at colonialfirststate.com.au
.
PLEASE RETAIN THIS STATEMENT FOR INCOME TAX PURPOSES
FirstChoice Investments
2011/12 Tax Return Information Statement
If you have any questions about this statement, please talk to your financial adviser or accountant You can call Investor Services on 13 13 36, Monday to Friday, between 8am to 7pm, Sydney time
.
Part A
Summary of 2012 tax return (supplementary section) items
Tax return (supplementary section)
Amount ($)
Tax return labe l
Non-primary production income
13,716.88
13U
Other deductions relating to distributions
0.00
13Y
Franked distribution
s
70.48
13C
Franking credits
11.13
13Q
Credit for TFN amounts withhel
d
0.00
13R
Total current year capital gains
13.14
18H
Net capital gain
12.26
18A
Assessable foreign source incom
e
15.76
20E
Other net foreign source income
15.76
20M
Foreign Income Tax Offse
t
0.00
20O
Rebates
29.34
24V
Part B
Capital gains tax information – additional information for item 18
Capital gains - discount method
1.76 (grossed up amount
)
Capital gains - indexation method
9.73
Capital gains - other method
1.65
Total current year capital gains
13.14
Capital gains tax concession amount
2.43
Tax-deferred amount
s
9.27
Account number:
070 030123132
Account type :
Individual
Account name : Calc14 Leapyearbb
Sam Sample
74 Perth Road Sydney NSW 2000
FirstRate Term Deposits, FirstRate Saver, FirstRate Investment Deposits and FirstChoice Margin Lending (made available through
Colonial First State’s FirstChoice
Investments and FirstChoice Wholesale Investments product range) are products of the Commonwealth Bank of Australia ABN 48 123
123 124 AFSL 234945 (the
Bank), administered by Colonial First State.
Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) is the issuer of intere
sts in FirstChoice Personal Super,
FirstChoice Wholesale Personal Super, FirstChoice Pension, FirstChoice Wholesale Pension and FirstChoice Employer Super from th
e Colonial First State FirstChoic
e
Superannuation Trust ABN 26 458 298 557 and interests in the Rollover & Superannuation Fund and the Personal Pension Plan from
the Colonial First State Rollover
& Superannuation Fund ABN 88 854 638 840 and interests in the Colonial First State Pooled Superannuation Trust ABN 51 982 884
624.
Investor Services 13 13 36
colonialfirststate.com.au
Page 1 of 6
You will need to refer to the Tax return for individuals (supplementary section) 2012 and your Tax Return Information Statement to complete the following steps.
Summary of 2011–12 Tax return for individuals (supplementary section) items
Part A Tax Return (supplementary section)
Investor account type
17 Net farm management deposits or r
epayments
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 at
B or C you must complete item
P9 in the
Business and professional items schedule for individuals 2012
.
,
D
Tax withheld – voluntary agr
eement
,
W
Tax withheld wher business number not quoted e Australian
.
E
Tax withheld – labour hir
e or other specified payments
,
Primary production – transferr
ed from
Y item P8 on your Business and professional
items schedule for individuals 2012B
To complete this item, you must have r
ead
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 r
eturn.
,
Non-primary production – transferr
ed from Z
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
,
R
Other repayments
.00
Your share of deferred losses from partnership activities
,
,
G
Deferred losses from sole trader activities
.00
Item P9 in the Business and professional items schedule for
individuals 2012
must be completed befor
e you complete this item.
16 Deferred non-commer cial business losses
,
J
Non-primary production deferred losses I , , .00
Primary production deferred losses
E
Net farm management deposits or repayments
18 Capital gains
G
Did you have a capital gains tax event during the year?
,
H
Total current year capital gains
.00
,
V
Net capital losses carried forward to later income years
.00
NO YES
,
A Q
Did this CGT event r
elate to a forestry managed investment scheme inter
est that you held other than as an initial participant? NO
YES
You must print X in the YES box at Gif you received a
distribution of a capital gain fr
om a trust.
Net capital gain
19 Foreign entities
I
Did you have either a dir
ect or indirect interest in a controlled foreign company (CFC)?
NO YES
,
CFC incomeK W
Have you ever, either dirthe transfer of property – including money – ectly or indirectly, caused
or services to a non-r
esident trust estate? NO YES
,
Transferor trust incomeB
Also include at F Australian franking cr
edits from a New Zealand company that you have r
eceived indirectly through a partnership or trust distribution.
20 Foreign source income and for
eign assets or pr
operty
E
Assessable foreign source income
,
,
.00
.00
, ,
Net foreign pension or annuity income WITHOUT
an undeducted pur
chase price
Other net foreign employment income
L T
,
LOSS
,
Net foreign pension or annuity income WITH an undeducted pur
chase priceD
,
Other net foreign source income
M
,
Australian franking cr
edits from a New Zealand companyF
,
N
Exempt 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 mor
e? NO YES
Foreign income tax offset
LOSS
LOSS
,
Net foreign rentR
LOSS
,
Net foreign employment income – payment summaryU
LOSS
LOSS
,
C
Early repayments exceptional circumstances
.00
,
N
Early repayments natural disaster
.00
Trang 5Your 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 individuals
2012
(supplementary section)
1 July 2011 to 30 June 2012
Use Individual tax r
eturn 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 corr
ection fluid or tape Print one letter
or number in each box Print
X in appropriate boxes Complete your details carefully to avoid delays in pr
ocessing your tax r
eturn.
13 Partnerships and trusts
Include any deferr
ed non-commer cial business losses f
rom a prior year at
X or Y
as appropriate and insert the r
elevant code in the
TYPE box.
,
,
N
Distribution fr
om partnerships
.00
,
L
Distribution fr
om trusts
.00
,
I
Landcare operations and deduction for decline in value of water facility
.00
X
Other deductions r
elating to distribution
.00TYPE
Primary production
If you have a net loss fr
om a partnership business activity
, complete items
P3
and P9 in the Business and professional
items schedule for individuals 2012
in addition to item
13.
Net primary pr oduction distribution
,
Net PSI – transferr
ed from A
on your Business and
professional items schedule for individuals 2012
A
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 r
eturn.
14 Personal services income (PSI)
,
G
Tax withheld – voluntary agr
eement
,
H
Tax withheld wher
e Australian business number not quoted
,
J
Tax withheld – labour hir
e or other specified payments
.00 00
INCOME
Share of credits from income and tax of
fsets
,
P
Share of credit for tax withheld wher
e Australian business number not quoted
,
Q
Share of franking cr
edit from franked dividends
,
R
Share of credit for tax file number amounts
withheld fr
om interest, dividends and unit trust distributions
.
,
S
Share of credit for tax paid by trustee
,
M
Credit for TFN amounts withheld fr
om payments fr
om closely held trusts
.
,
B
Share of National r
ental affordability scheme tax of
fset
,
A
Share of credit for amounts withheld
from foreign resident withholding
.
,
O
Distribution fr
om partnerships, less foreign income
.00
,
U
Distribution fr
om trusts, less net capital gains and for
eign income
.00
,
J
Landcare operations expenses
.00
,
Y
Other deductions r
elating to distributions shown at
O, Uand C
.00TYPE
Non-primary pr
oduction
Show distributions of:
net capital gains at item
18 and
foreign income at item
19 or 20.
Net non-primary pr
oduction distribution
,
C
Franked distributions from trusts
If you have an amount to the right of Assessable foreign source income on your Tax Return Information Statement (and you do not have any other foreign source income from another source, including foreign employment or foreign pension/annuities), then enter the amount to the right of Assessable foreign source income at Question 20 E If you do have foreign income from foreign employment and/or foreign pensions and annuities, you will need to refer to the instructions for Question 20
in the Individual tax return instructions supplement 2012 You should seek professional advice if you have deductions
or losses carried forward relating to foreign income
Other net foreign source income (20M)
If you have an amount to the right of Other net foreign source income on your Tax Return Information Statement (and you do not have any other foreign source income from another source (including foreign employment income or foreign pension/ annuity income)) then include the total to the right of Other net foreign source income at Question 20 M
If you have foreign employment income or foreign pension/ annuity income you will have to follow the instructions for Question 20 in the Tax return for individuals (supplementary section) 2012
You should seek professional advice if you have deductions
or losses carried forward relating to foreign income
Note: If you have Other net foreign source income or Assessable foreign source income from other sources (ie other managed fund distributions) you will need to combine these amounts before completing your tax return
Foreign income tax offset (200)
If you have an amount next to foreign income tax offsets on your tax statement, include that amount in your Tax return for individuals (supplementary section) 2012 at 20 O
17 Net farm management deposits or r
epayments
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 at
B or C you must complete item
P9 in the
Business and professional items schedule for individuals 2012
.
,
D
Tax withheld – voluntary agr
eement
,
W
Tax withheld wher business number not quoted e Australian
.
E
Tax withheld – labour hir
e or other specified payments
,
Primary production – transferr
ed from
Y item P8 on your Business and professional
items schedule for individuals 2012B
To complete this item, you must have r
ead
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 r
eturn.
,
Non-primary production – transferr
ed from Z
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
,
R
Other repayments
.00
Your share of deferred losses from partnership activities
,
,
G
Deferred losses from sole trader activities
.00
Item P9 in the Business and professional items schedule for
individuals 2012
must be completed befor
e you complete this item.
16 Deferred non-commer cial business losses
,
J
Non-primary production deferred losses I , , .00
Primary production deferred losses
E
Net farm management deposits or repayments
18 Capital gains
G
Did you have a capital gains tax event during the year?
,
H
Total current year capital gains
.00
,
V
Net capital losses carried forward to later income years
.00
NO YES
,
A Q
Did this CGT event r
elate to a forestry managed investment scheme inter
est that you held other than as an initial participant? NO
YES
You must print X in the YES box at Gif you received a
distribution of a capital gain fr
om a trust.
Net capital gain
19 Foreign entities
I
Did you have either a dir
ect or indirect interest in a controlled for eign company (CFC)?
NO YES
,
CFC incomeK W
Have you ever, either dirthe transfer of property – including money – ectly or indirectly, caused
or services to a non-r
esident trust estate? NO YES
,
Transferor trust incomeB
Also include at F Australian franking cr
edits from a New Zealand company that you have r
eceived indirectly through a partnership or trust distribution.
20 Foreign source income and for
eign assets or pr
operty
E
Assessable foreign source income
,
,
.00
.00
, ,
Net foreign pension or annuity income WITHOUT
an undeducted pur
chase price
Other net foreign employment income
L T
,
LOSS
,
Net foreign pension or annuity income WITH an undeducted pur
chase priceD
,
Other net foreign source income
M
,
Australian franking cr
edits from a New Zealand companyF
,
N
Exempt 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 mor
e? NO YES
Foreign income tax offset
LOSS
LOSS
,
Net foreign rentR
LOSS
,
Net foreign employment income – payment summaryU
LOSS
LOSS
,
C
Early repayments exceptional circumstances
.00
,
N
Early repayments natural disaster
.00
Option 2 For capital gains from other sources, you may need to use the ‘Guide to Capital Gains Tax 2012’, which is available from the ATO The guide provides step-by-step instructions to calculating the amounts needed to complete your tax return Question 18
If you have an amount to the right of Total current year capital gains on your statement, add this amount to gains received from other sources (calculated using the ATO guide) The sum
of these amounts should be entered at 18 H of your Tax return for individuals (supplementary section) 2012
Take the amount to the right of Net capital gain and add this amount to your net capital gain from other sources (calculated using the ATO guide) The sum of these amounts should be entered at 18 A
Then go to Assessable foreign source income, below
Trang 6Total – components of distribution
Part B
We have calculated the amounts of capital gains that need to
be included in your tax return as they relate to the distributions
from your Colonial First State investments
If you have capital gains from other sources, you may need
to use the ‘Guide to Capital Gains Tax 2012’ (NAT 4151)1,
which is available from the ATO That guide provides
step-by-step instructions to calculating the amounts needed to
complete your tax return
For gains from other sources you will need to separately
calculate an indexed capital gain amount, a discounted capital
gains amount, and a capital gains – other amount These
amounts need to be added to the amounts distributed from
Colonial First State as shown under the heading Additional
capital gains information in Part B of your Tax Return
Information Statement
Add the figure shown at Total current year capital gains to any
other gains you have and enter the total at Question 18 H
If you have any capital losses for the 2011–12 tax year or prior
year capital losses brought forward (these will be shown at box
V of Question 18 of your 2010–11 tax return supplement),
you must nominate the capital gain against which these
losses are to be applied Typically, they will be applied firstly
to capital gains – indexation method, then to capital gains
– other method and lastly to the discounted capital gains
The way you apply your capital losses will place you in one
of three situations:
Situation A Where the total of the 2011–12 financial year capital losses and any prior year’s capital losses, exceed the Total current year capital gains (that you have included at box H at Question
18 on your tax return), the excess should be entered into box
V at Question 18 No amount should be entered in box A Situation B
Where the total of the 2011–12 financial year capital losses and any prior year’s capital losses, fully offset the amounts shown at Capital gains – indexation method and Capital gains – other method, then the amount shown against Capital gains – discount method (that you have included at box H at Question 18 on your tax return), should be reduced by any remaining loss
The end figure should then be divided by two and this amount entered into box A of Question 18 (If the investment is made
by a company no division is required; if a superannuation fund then multiply by 2⁄3)
Situation C Where the total of the 2011–12 financial year capital losses and any prior year’s capital losses, do not exceed the Capital gains – indexation method and Capital gains – other method then deduct the amount of the loss from the amount shown in Part A of your Tax Return Information Statement opposite Net capital gain (18A)
The reduced amount should be entered at Question 18 A Please note: If you have capital gains from other sources, you will need to include these gains in situations A, B and C
Follow these instructions if you have any capital losses (either this year or prior years).
1 All ATO publications are categorised according to a code that starts with the letters ‘NAT’ followed by a unique number You can find the publication on the ATO website (www.ato.gov.au) by using the NAT number.
Trang 7Capital gains definitions
CGT concession amount
This amount represents the non-taxable component of
a discounted capital gain That is, the amount is 50% of a
capital gain that is not assessable to an individual We have
altered the calculation of this amount if you are a company
or superannuation fund so the concession reflects no discount,
or 1⁄3 discount respectively
(Your account type is shown on the top right hand corner
of the first page of your Tax Return Information Statement.)
Discounted capital gains
This amount represents capital gains on assets held for more
than 12 months and has been discounted by 50% Where your
investment is made by a:
• company, no discount has been made
• trust, the 50% discount has been applied.
Capital gains – indexation method
This amount represents capital gains that have been calculated
using the indexation method which adjusts for inflation
Indexation was frozen from September 1999
Capital gains – other method
This amount represents capital gains made on assets held
for less than 12 months Such gains do not qualify for either
indexation or the CGT discount
Additional capital gains information
These amounts represent the sum of all capital gains amounts
distributed to you and is provided to help you complete your
return, if you have capital losses
TARP and NTARP
Capital Gains ‘TARP’ are capital gains from ‘Taxable Australian
Real Property’ Capital Gains ‘NTARP’ are capital gains from
assets that are ‘Not Taxable Australian Real Property’ If you
are a resident of Australia for tax purposes this distinction
is irrelevant If you are not a resident of Australia for taxation
purposes this distinction may affect the amount of withholding
tax deducted from your distribution
Other definitions Credits for TFN amounts withheld
If you have not supplied your tax file number (TFN) (or relevant exemption) to Colonial First State, we have deducted tax at the top marginal rate (46.5%) from your distribution and paid it to the ATO This TFN withholding tax will be offset against the tax payable on your income and may be refunded to you by the ATO when you lodge your 2011–12 tax return
Should you wish to prevent this from happening again, please provide us with your TFN as soon as you can
Tax-free amounts This category represents non-taxable income derived by the fund This income will usually be from infrastructure investments Tax-deferred amounts
This category represents distributions that are not taxable to you They have arisen due to differences between accounting and taxable income eg those due to different depreciation rates which is common for investments in Property Trusts or REITs Tax deferred income may alter your cost base for CGT purposes when you redeem your units
Net cash distribution The total distributions you have received (including any which have been reinvested)
Withholding tax
If you are not a resident of Australia, for tax purposes Colonial First State is required to withhold tax from some components of your distribution Interest withholding tax
is deducted from Australian interest income and dividend withholding tax is deducted from unfranked dividends paid by Australian companies Other components may also be subject
to tax under subdivision 12–H of the Australian Income Tax legislation Please see your accountant for further information
Trang 8Frequently asked questions
Q Can everyone use this guide?
A Under certain circumstances you may not be able to use this
guide to complete your tax return The following scenarios
outline some of these circumstances and we encourage you
to seek professional advice if you think they apply to you:
• You have any expenses or carried forward foreign losses
relating to foreign source income This is because your
entitlement to foreign tax credits may be affected
• You changed your residency status during the 2011–12
tax year If you became a non-resident during the year
you may need to lodge an Australian tax return for the
part of the year that you were a resident
If you became a resident during the year you may need
to apportion your distributions to the respective periods
• You disposed of your investment shortly after receiving
a distribution containing a franked dividend component
Q Can I claim a tax deduction for management fees
and expenses of the funds?
A No, the management fees and expenses have already been
deducted from distributed income and are reflected in the
unit prices
Q I’m not completing a tax return, can I still claim my
imputation credits?
A Yes, you may still be able to claim your imputation credits
Contact the ATO for a copy of the relevant form
Q Do I need to include my management fee rebate and other
rebates which appears on my half-yearly statement in my
tax return?
A Normally any rebate should be included as assessable
income in your income tax return However, you should check
your particular circumstances with your accountant
Q If the investment is made by a company, trust, superannuation
fund, or partnership, is the information in this guide relevant for
its tax return?
A This guide is mainly prepared to assist individual investors
to complete their tax return However your Tax Return
Information Statement is relevant Some of the definitions
and general information may also be of use to your
accountant or financial adviser
Q Can a mastertrust or IDPS use this guide?
A Yes, however, you need to ensure that the investor’s tax status (Individual, Trust, Company or Superannuation Fund) has been correctly recorded as this affects the capital gains information provided
(The account type is shown on the top right hand corner
of the first page of your Tax Return Information Statement.)
Q Can the franking credits exceed the amount
of my Australian income?
A Franking credits can exceed the amount of Australian income included in your distribution because the management expense is deducted from the fund before the distribution payment For example, let’s say the fund income is $100 and franking credits are $50 If the fund’s expenses are $60, then income distributed to investors will be $40 while franking credits remain at $50
Q Why are my concessional capital gains greater than
my taxable capital gains?
A This can happen due to the way expenses are allocated against income and capital gains For example, the fund has
a gross capital gain of $100 and management fees of $10 The CGT concession amount will be $50 because of the 50% discount The management fees of $10 are allocated against the taxable part of the capital gains ($50 − $10) which reduces the discounted capital gain to $40
Q My ‘Account Type’ is Joint or Partnership – how should I use this tax guide?
A This guide assumes an individual taxpayer client Only one statement per account is issued You will need to apportion the amounts on the tax statement accordingly For example,
if your account is a joint account, you will need to halve the amount on your statement and include the reduced amount
in your respective individual tax return
Want more information?
For enquiries about your personal tax matters please talk to your financial adviser or accountant
For general enquiries about your Colonial First State investments, please call Investor Services on
13 13 36, Monday to Friday, 8am to 7pm, Sydney time or email contactus@colonialfirststate.com.au.
18211/FS836/0612