Note: The "Net financial investment loss" is ONLY for losses, it auto fill if the form has loss from "financial investments". Learn more
Fields that auto fill the IT5:
Illustration:
"Net Financial investment loss" calculation
20M1 Total dividend income or managed investment scheme income from foreign companies" + "20F Total Australian franking credits from a New Zealand franking company" - "13Y Total related deductions".
$1245 - $3375 = $2130
Note: “IT5 Net financial investment loss” uses only amounts pointed above.
“Managed investment scheme income” and “Franked distributions from trusts relating to investments” are only filled from Trust worksheet.
