P9 Business Loss Activities Schedule (bla)
P9 Business Loss Activities Schedule (bla)
See Item P9-Business loss activity details on the ATO website..
Key into this schedule the details of the loss or losses including those that have to be deferred.
Where your client conducts more than one business and has sustained losses in more than one of those businesses (activities), enter a separate set of details for each loss activity, commencing with the highest loss. Provision is made for up to three loss activities.
If any label in item P9 is completed and the code 8 applies you must also complete item 16.
Worksheets and dialogs for Companies
The Calculation Statement in the Company return provides specialised worksheets and holding dialogs. Holding dialogs are used where the amount in the calculation statement can be the sum of amounts integrated from more than one different type of worksheet.
Holding dialogs not attached to the return and therefore do not print with the return.
For the Company return these are:
Credit for tax withheld foreign resident withholding (excluding capital gains)
Label C - Non-Refundable non-carry forward tax offsets worksheet (nro)
Label D - Non-Refundable carry forward tax offsets worksheet (ncf)
Label E - Refundable tax offsets worksheet (rto)
Worksheets and dialogs for Fund and SMSFs
The Calculation Statement in the Fund return and SMSF Annual return provides specialised worksheets and holding dialogs. Holding dialogs are used where the amount in the calculation statement can be the sum of amounts integrated from more than one different type of worksheet.
Holding dialogs not attached to the return and therefore do not print with the return.
For the Fund and SMSF returns these include:
Foreign income tax offset (for) - C1
Early stage venture capital limited partnership tax offset (esv) Partnership
Credit for tax withheld foreign resident withholding (excluding capital gains)
Credit for non-resident foreign resident withholding (excluding capital gains) capital gains
This dialog applies to Fund returns (EF and MS).
Non-refundable Franking Credits
Franking credits are integrated to the holding dialog in the calculation statement at either Label C2 (non-complying funds) or label E1 (complying funds) based on the Status and type of Fund.
If the response to the question at item 8, label J is Yes and the Type of fund or trust at label A1 is Non-regulated fund (Code I), the Fund is considered to be non-complying.
If the response to item 8 label J is No, the Fund is considered as non-complying.
For complying Funds integration is to label at E1 in the Calculation statement, item 12 for the Fund and item 13 for the SMSF. For non-complying funds, Franking credits are limited to gross tax payable and the amount is included at label C2.
The amounts entered in this dialog should be the total of rebates and tax offsets available and not the amounts giving rise to that tax rebate or tax offset. If there is insufficient Gross tax payable to absorb the Rebates and Offsets amounts integrated to this dialog, a field has been provided for the manual entry of the amount required to reduce Gross tax payable to NIL. Other integration points to this holding dialog are from:
Franking credit entered at item 10 label L for the Fund and item 11 for the SMSF.
Australian franking credits from a New Zealand company entered at item 10 label E for the Fund and item 11 for the SMSF.
Trust distributions worksheet (dft)
Partnership distributions worksheet (dfp)
Other Rebate/offset: A further field is provided to enter any other Rebate or offset that is not supported by an income tax return label or an MYOB Tax worksheet.
Less Cr not entitled for any reason: This additional field is provided if an adjustment needs to be made to this Credit label.
This is not a worksheet and therefore is not available to be printed with the return.