If the field is greater than zero then the field Other net foreign source income Type of payment must be set to Include any amount reported here as part of the amount reported at UTD. Assessable foreign source income field. 7.86 Foreign income tax offset the amount of tax paid on the FSI to overseas tax – authorities. If the Foreign income tax offset field is greater than zero then the Type of payment field must be set to: UTD for foreign tax credits on a UTD – FSI for foreign tax credits on foreign source investment income that is not part of a UTD. – 7.87 Australian franking credits from a franking company the amount of Australian – franking credits the investment account has received from a franking company. If the Australian franking credits from a franking company field is greater than zero then the Type of payment field must be set to: UTD for franking credits that are part of a UTD – FSI for franking credits that are part of a direct dividend payment and not part of a UTD. – Tax-exempted amounts the total amount of tax-exempted income included in the – distribution paid or credited to the investment account. If the Tax-exempted amounts field is greater than zero then the Type of payment field must be set to UTD. 7.89 Tax-free amounts the total amount of tax-free income included in the distribution paid – or credited to the investment account. If the Tax-free amounts field is greater than zero then the Type of payment field must be set to UTD. 7.90 Tax-deferred amounts the amount of tax-deferred income included in the – distribution paid or credited to the investment account. If the Tax-deferred amounts field is greater than zero then the Type of payment field must be set to UTD. 7.91 Other allowable trust deductions the amount of expenses incurred by the trust that – does not directly attach to any specific income item but is an allowable deduction in the calculation of the net income of the trust.
If the Other net foreign source income field is greater than zero then the Type of payment field must be set to UTD. Include any amount reported here as part of the amount reported at Assessable foreign source income field. 7.86 Foreign income tax offset – the amount of tax paid on the FSI to overseas tax authorities. If the Foreign income tax offset field is greater than zero then the Type of payment field must be set to: UTD – for foreign tax credits on a UTD FSI – for foreign tax credits on foreign source investment income that is not part of a UTD. 7.87 Australian franking credits from a franking company – the amount of Australian franking credits the investment account has received from a franking company. If the Australian franking credits from a franking company field is greater than zero then the Type of payment field must be set to: UTD – for franking credits that are part of a UTD FSI – for franking credits that are part of a direct dividend payment and not part of a UTD. Tax-exempted amounts – the total amount of tax-exempted income included in the distribution paid or credited to the investment account. If the Tax-exempted amounts field is greater than zero then the Type of payment field must be set to UTD. 7.89 Tax-free amounts – the total amount of tax-free income included in the distribution paid or credited to the investment account. If the Tax-free amounts field is greater than zero then the Type of payment field must be set to UTD. 7.90 Tax-deferred amounts – the amount of tax-deferred income included in the distribution paid or credited to the investment account. If the Tax-deferred amounts field is greater than zero then the Type of payment field must be set to UTD. 7.91 Other allowable trust deductions – the amount of expenses incurred by the trust that does not directly attach to any specific income item but is an allowable deduction in the calculation of the net income of the trust.
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