Other Subtraction Items worksheet (sub)
This worksheet is integrated to the Company Return at Item 7 label Q—Other income not included in assessable income or Item 7 label X—Other Deductible expenses.
To open the worksheet, click the labels in the return or click Preparation > Schedule > Other Subtraction Items (sub).
This shows the OTHER SUBTRACTION Items worksheet layout.
OTHER INCOME NOT INCLUDED IN ASSESSABLE INCOME - Label Q (Income not shown in the accounts that is not assessable) | |
Description | Amount |
|---|---|
Adjustments to income derived | |
Decrease in interest
| E172 |
Decrease in dividends
| E173 |
Decrease in trust distribution
| E167 |
Year end sales cut off adjustment
| E174 |
Extraordinary profits per accounts
| E177 |
Foreign exchange accounting profits
| E180 |
Foreign source income in accounts that is not assessable income
| E182 |
Grants receivable
| E183 |
PSI included in the assessable income of an individual (attributed income) | E151 |
Profit on sale of depreciating assets included in the accounts
| E142 |
Profit on sale of other assets included in the accounts (including assets used for R&D) | E143 |
Unrealised gains on revaluation of assets to fair value
| E144 |
Other income amounts in accounts that is not assessable income
| E149 |
Other assessable income not included in accounts | |
E185 | E148
|
[Ctrl+Insert] to add lines to record the description and amounts E390
| E340 |
Total other income not included in assessable income: $
| E179 |
OTHER DEDUCTIBLE EXPENSES - Label X (deductible amounts not shown as expenses in the accounts) | |
Allowable superannuation fund payments | E137 |
Capital expenditure for the establishment of trees in carbon sink forests | E171 |
Deductible balancing adjustment amounts on depreciating assets (excluding R&D assets subject to an R&D incentive tax offset) | E152 |
Deduction for certain capital expenditure incurred to terminate a lease or licence | E175 |
Foreign exchange taxable losses
| E181 |
Interest charge | E150 |
Hire purchase agreements - interest component
| E153 |
Luxury car leases - accrual amount
| E154 |
Mains electricity connection to land used in carrying on a business
| E155 |
Net adjustment to expenses claimed - Increase in consumable stores
| E139 |
Net decrease in provisions
| E140 |
Net decrease in trading stock valuation for tax purposes
| E141 |
Part of pre-paid expenses deductible this year, but not included at any other label | E138 |
Tax deductible borrowing costs
| E145 |
Telephone line connection to land used for primary production
| E146 |
Other deductible items
| E176 |
Other | |
E184 | E147 |
[Ctrl+Insert] to add lines to record the description and amounts E390
| E340 |
Total other deductible expenses: $ | E170 |