Early stage investor T9 Clients may be entitled to this offset if they invested in a qualifying early stage innovation company in 2016–17. Refer to to work out the amount of the tax offset Other non-refundable tax offsets T10 Other refundable tax offsets T11 Where client is a beneficiary of special disability trust or received exploration credits. Medicare Levy Related Items Medicare levy reduction or exemption M1 Available for low income individuals / families and other prescribed persons. Medicare levy surcharge (MLS) M2 Applicable to individuals / families on higher incomes who do not have private patient hospital Individuals and couples are liable to the surcharge when their for surcharge “income purposes” (i.e.: taxable income, reportable fringe benefits, reportable superannuation contributions and total net investment loss) exceeds $90,000 and $180,000 respectively (increased by $1,500 for each dependent child/student after the first). The surcharge is 1%, 1.25% or 1.5%, depending on the amount of income for surcharge purposes. Note: this item is compulsory.
T9 Early stage investor Clients may be entitled to this offset if they invested in a qualifying early stage innovation company in 2016–17. Refer to to work out the amount of the tax offset T10 Other non-refundable tax offsets T11 Other refundable tax offsets Where client is a beneficiary of special disability trust or received exploration credits. Medicare Levy Related Items M1 Medicare levy reduction or exemption Available for low income individuals / families and other prescribed persons. M2 Medicare levy surcharge (MLS) Applicable to individuals / families on higher incomes who do not have private patient hospital Individuals and couples are liable to the surcharge when their “income for surcharge purposes” (i.e.: taxable income, reportable fringe benefits, reportable superannuation contributions and total net investment loss) exceeds $90,000 and $180,000 respectively (increased by $1,500 for each dependent child/student after the first). The surcharge is 1%, 1.25% or 1.5%, depending on the amount of income for surcharge purposes. Note: this item is compulsory.