Item 29 - Overseas transactions

Click this link for information on Overseas transactions on the ATO website.

Label W - Was the aggregate amount of the transactions with international parties (including the value of any property or service transferred or the balance of any loans) greater than $1 million?

This is a mandatory question and must be answered. The default for this question is No.

If the answer is Yes click label W to complete and attach an International dealings schedule (I). Refer to International dealings schedule (ids).

Label O - Did the thin capitalisation provisions apply?

If the answer to this question is Y prepare and attach an International Dealings Schedule (ids).

Label D - Interest expenses overseas

In 2012 label D was located at Item 55 label R.

Click label D to complete and attach an International dealings schedule (ids).

Label E - Royalty expenses overseas

Click label D to complete and attach an International dealings schedule (ids).

Show at label E the royalty expenses paid to non-residents during the income year.

Label C - Transactions with specified countries

Click label C to complete and attach an International dealings schedule (ids).

CCH References

16-000 What are Income-Related Deductions?

16-740 Interest as a business deduction

22-580 Overview of transfer pricing