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Tax Time 2016: The ATO releases more essential materials


The ATO has released the following Tax Time 2016 essential materials. More will be added as they are available.

2016 standard distribution statement: guidance notes for fund managers Standard distribution statement for use by managed funds to report tax information to resident individual investors for the 2016 income tax year. Includes guidance notes and sample statement.Business and professional items 2016Capital gains tax (CGT) schedule 2016 For use in conjunction with company, trust or fund income tax return 2016.Capital gains tax concessions for small business 2016 This guide provides information about the capital gains tax (CGT) concessions available to small business.Company tax return 2016Company tax return instructions 2016 This product will be published soon.Consolidated groups losses schedule 2016 A head company of a consolidated group or MEC (multiple entry consolidated) group that satisfies any one or more of a series of tests must complete the Consolidated groups losses schedule 2016 and lodge it with the Company tax return 2016.Dividend and interest schedule 2016 This schedule forms part of the company tax return for companies reporting dividend and interest payments paid or credited in the year ending 30 June 2016.Family trust election, revocation or variation 2016 Election form and explanatory notes. For completion by family trust trustee(s) to assist with completion of 2016 tax returns.Franking account tax return and instructions 2016 For use by companies to assist with completion of 2016 Franking account tax return.Fund income tax return 2016 For use by funds to complete Fund income tax return 2016.Fund income tax return instructions 2016 For use by funds to assist with completion of Fund income tax return 2016.Guide to capital gains tax 2016 This product will be published soonGuide to depreciating assets 2016 If you use a capital asset, such as a car or machinery, in earning your income, you may be able to claim a deduction for the cost of that asset, spread over its effective life.Guide to foreign income tax offset rules 2016 If you are an Australian resident and have paid foreign tax on income you received from outside Australia, this guide will help you claim a foreign income tax offset.Individual PAYG payment summary schedule 2016 For use by individuals to assist with completion of 2016 income tax returns.Individual Tax Return 2016 Individual income tax return 2016 for tax agents and information on ordering paper copies.Individual tax return instructions 2016 Instructions to assist in completing the 2016 Individual tax return.Information for primary producers 2016 A primary producer is an individual, a trust or a company carrying on a business of primary production, alone or in partnership.International dealings schedule 2016 For use by companies, trusts and partnerships to assist with completion of 2016 tax returns. This replaces Schedule 25A and Thin capitalisation schedule and instructions.International dealings schedule instructions 2016 For use by companies, trusts and partnerships to assist with the completion of 2016 tax returns.Interposed entity election or revocation 2016 Election form and explanatory notes. For use by the trustees, company or partners to assist with completion of 2016 tax returns.Life insurance companies taxation schedule 2016 If you are responsible for preparing the tax return for a life insurance company, these instructions will help you to prepare the attached schedule.Losses schedule 2016 For use by companies, trusts and superannuation funds to assist with completion of 2016 tax returns.Losses schedule instructions 2016 For use by companies, trusts and superannuation funds to assist with completion of Losses schedule 2016.Non individual PAYG payment summary schedule 2016 2016 Non-individual PAYG payment summary and information on ordering paper copies.Partnership tax return 2016Partnership tax return instructions 2016 For use by partnerships to assist with completion of 2016 tax returns.Refund of franking credit instructions and application for individuals 2016 This publication outlines the criteria for claiming a refund of imputation credits, explains common terms, and includes a worksheet and application forms.Research and development tax incentive schedule 2016 For use by companies to assist with completion of 2016 tax returns.Research and development tax incentive schedule instructions 2016 To help you claim a research and development (R&D) tax offset in the Company tax return 2016Salary and wage occupation codes 2016 For use by tax agents to assist with completion of their clients’ 2016 tax returns.Self managed superannuation fund annual return 2016 For use by self-managed superannuation funds to complete 2016 annual return.Self managed superannuation fund annual return instructions 2016 For use by self-managed superannuation funds to assist in completion of 2016 annual return.Strata title body corporate tax return and instructions 2016 If you are responsible for preparing the tax return for a strata title body corporate, these instructions will help you complete the attached form.Trust tax return 2016 Trust tax return 2016 and information on ordering paper copies.Trust tax return instructions 2016 For use by trusts to assist with completion of 2016 tax returns.Venture capital deficit tax return and explanatory notes The venture capital deficit tax return for years ending 30 June 2015 and 30 June 2016 must be completed for all pooled development funds that have a liability to pay venture capital deficits tax.

You can access the majority of forms, instructions and schedules by visiting Forms and instructions and scroll down to select Tax Time 2016.

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