A guide to your
annual tax statement
Helping you complete your tax return quickly
and easily
One of our key objectives is to make managing your investment
as easy as possible, particularly at tax time.
To simplify the process of preparing your tax return, we have
designed the 2013 annual tax statement to give you all the
information you need, so you can easily complete the
relevant sections of your Tax return for individuals 2013
supplementary section.
This guide is relevant to individual unit holders who are
residents of Australia for tax purposes.
Your annual tax statement provides the
following information:
>> the taxable components (such as Australian and foreign
income) of your 2012/13 distributions. Your June 2013
distribution, which you received after 30 June, must also
be included in your 2012/13 tax return, and
>> any net capital gains you received from the Fund when it
disposed of any of its investments or when it received any
distributions of capital gains from other funds. These are
passed on to you in your distributions, and as an investor
in the Fund you must account for them in your tax return.
This guide shows you how to transfer the amounts from your
annual tax statement to the Tax return for individuals 2013
supplementary section (or add them to the corresponding
amounts relating to other investments that you hold).
Capital gains tax (CGT) information
If you are a company, trust or fund with total capital gains or
capital losses of more than $10,000 this income year, you must
complete a CGT schedule 2013. Partnerships and individual
paper tax preparers are not required to lodge a schedule.
Refund of franking credits
Any franking credits in excess of tax payable may be refunded.
If you have received a distribution of franking credits and you
do not have to lodge a tax return, please ring the Australian
Taxation Office (ATO) on 13 28 61 for more information and
a copy of the relevant application form (and instructions for
completing this form).
Deductible expenses
Amounts disclosed as Deductible expenses on your annual
tax statement may ordinarily be deductible for tax purposes.
However, the classification of these amounts as deductible
is general in nature only and does not take into account your
specific circumstances.
Important notes
>>If you haven’t received an individual tax return instructions
supplement from the ATO, you can obtain one from most
newsagencies, or by calling the ATO on 1300 720 092.
>>If you have income or deductions from other sources, you
will have to add them to the amounts in your annual tax
statement or annual CGT statement before transferring the
figures to your TaxPack.
>>As your individual tax situation is unique and tax legislation
or its interpretation may change, we recommend that you
seek guidance from your financial adviser or tax professional
when completing your tax return for the financial year
ended 30 June 2013.
Amounts shown in your
annual tax statement
can be transferred
directly to the relevant
sections in the Tax return
for individuals 2013
supplementary section, or
added to corresponding
amounts relating to other
investments you hold or
the information from
your personal annual
CGT statement (if you
received one).
Wholesale
and Retail
Unit Trusts
AXA Wholesale
Investment
Funds
<fund name>
Annual taxation
taxation statement
statement for
for the
the period
period 1
1 July
July 2012
2011 to
to 30
30 June
June 2013
2012
Annual
<Mailing Name>
<Address Line 1>
<Address Line 2>
<Address Line 3>
Account details
Investor name
<Account Name>
Investor number
<Account Number>
Taxation information summary
Tax
credits
($)
Distributed
amount
($)
Distribution information
Income
Australian
Franked distribution from trusts
Other Australian
Foreign
Tax free
Tax deferred
Return of capital
Capital Gains
Discounted TARP
Discounted NTARP
CGT concession
Non-discounted TARP
Non-discounted NTARP
Gross distribution
Taxable
income/(expense)
($)
21,065.90
50,176.22
14,310.38
13Q
35,376.28
50,176.22
13C
13U
5.74
0.92
20O
6.66
20E
20M
1,122.78
1,613.35
18A
18A
100.00
1,028.00
89,423.29
18A
18A
25.00
(25.00)
5.00
(5.00)
2.00
(2.00)
13R
18.00
5.00
11.00
13Y
13Y
13Y
22.00
24V
4.90
30.50
10.50
1,122.78
1,613.35
2,736.13
100.00
1,028.00
77,894.02
18H
18H
18H
18H
18H
14,311.30
Other taxable items
Tax rebates
TFN Tax
less TFN Tax Refund
Withholding tax
less Withholding tax refund
Income tax
less Income tax refund
Deductible expenses
Adviser review fee
Bank charges
Client Advice fee
Management expense rebate
13A
13A
AMP
Investors
Limited
Box 2780
Melbourne
AXA Capital
Customer
Service
GPO GPO
Box 2780
Melbourne
VIC VIC
30013001
Telephone:
Facsimile:
(03)
8688
5796
client.inquiry@ampcapital.com
Telephone:1800
1800780
780085
085
Facsimile:
(03)
8688
5789
Responsible
Mutual
Funds
Management
Ltd Ltd
Responsibleentity:
Entity:National
National
Mutual
Funds
Management
ABN 32
32006
006787
787720
720AFS
AFSLicence
Licence
No.
234652
ABN
No.
234652
<TA number>
Some of the items shown in this example may not appear on your personal annual tax
statement if they were not relevant to your particular investment.
These figures are used for illustrative purposes only. Please use amounts from your annual
tax statement.
Page(s) from the 2013 tax return for individuals (supplementary section) are published by the ATO
Copyright Commonwealth of Australia, reproduced by permission.
with a black or blue ballpoint pen only. Do not use correction fluid or tape. Print one letter or number in each box.
Print X in appropriate boxes. Complete your details carefully to avoid delays in processing your tax return.
See the Privacy note in the Taxpayer’s
declaration on page 10 of your Tax return
A guide to your
annual tax statement
for individuals 2013.
Your tax file number (TFN)
Your name
Title – for example,
Mr, Mrs, Ms, Miss
Surname or
family name
Print your full name.
Given names
INCOME
13 Partnerships and trusts Include any deferred non-commercial business losses from a prior year at X or Y
as appropriate and insert the relevant code in the TYPE box.
Primary production
N
,
Share of net income from trusts
L
,
.00
I
,
.00
INCOME Landcare
continued
operations and deduction
15
.00
Distribution from partnerships
for decline in value of water facility
Net income orOther
lossdeductions
from business
relating to
amounts shown at N and L
.
TYPE
00
,
To complete this item, you need to read and complete the Business and professional items schedule for individuals 2013.
X
Nettax
primary
production
amount
You cannot lodge a paper return. You must lodge your
return
using e-tax
or a registered tax
, agent.
Non-primary production
,
.00
LOSS
.
Distribution from partnerships,
INCOME continued less foreign income O
00
Show amounts of:
,
capital gains from trusts at item 18 and
Share
of
net
income
from
trusts,
less
capital
Deferred
non-commercial
business
losses
16
.00
foreign income at item 19 or 20.
U
,
gains, foreign income and franked distributions
Net
incomethis
oritem,
lossyou
from
business
complete
need
to read and complete the Business and professional items schedule for individuals 2013.
15 To
Franked
distributions
.00
You
cannot lodge
a paper
You
must
lodge
your tax
using
e-tax
or a registered
tax agent.for individuals 2013.
To complete
this item,
youreturn.
needfrom
to
read
andC
complete
the,return
Business
and
professional
items schedule
trusts
You cannot lodge a paper return. You must lodge your tax return using e-tax or a registered tax agent.
Landcare operations expenses
J
.00
,
TYPE
Other deductions
relatingor
to repayments
.00
management
deposits
17 Net farmamounts
,
shown at O , U and C Y
business losses
16 Deferred non-commercial
.00
Deductible deposits DNet non-primary
production
amount
,
.
00
,
,
To complete this item, you need to read and complete the Business and professional items schedule
for individuals
2013.
LOSS
Share of credits from income and tax offsets
Early repayments
.00 or a registered tax agent.
You cannot
aexceptional
paper
You
must lodge
Sharelodge
of credit
for taxreturn.
withheld
where
C your tax return using. e-tax
circumstances
,
17
18
Australian business number not quoted P
,
Early repayments
Share of franking
credit N
. .00
natural disaster
,
Q
from franked dividends
,
.
Net
farm
management
deposits
or repayments
Other
repayments
Share
of credit
for tax file number
amounts
R
,
. 00
withheld from interest, dividends R
,
.00
deposits D
and unit Deductible
trust distributions
.00
,Net farm management
deposits or repayments E
,
,
Credit for TFN amountsEarly
withheld
from
repayments
.
.
M
00
C
, ,
paymentsexceptional
from closely
held trusts
circumstances
a capital
gains
Capital gains Did you have
You
must print X in the YES box at G if you had an
repayments
NO
YES
. .00
G
Share of credittax
forevent
tax Early
paid
by
trustee
S
during
the
year?
N
amount
of capital gains from a trust.
, ,
natural disaster
CODE
Share of credit for Have
amounts
withheld
you
applied
an
.
.
Other
repaymentsAM
00
from foreign resident
withholding
, YES
exemption
or rollover? R NO
,
Share of National rental
affordability scheme tax offset
Net farm management
. capital gain
E
, depositsNet
or repayments A
B
LOSS
LOSS
,
.00
,
,
,
,
00
..00
Page 13
,
,
.00
,
.00
Total current year capital gains H
,
Did you
have a capital
gains
18
gains
You
must print X in the YES box at G if you had an
Personal
services
income
(PSI)
14 Capital
NO
YES
Net
capitalduring
losses
tax event
thecarried
year? G
.
amount
of capital gains from a trust.
to later
income
years
,
To complete thisforward
item, you
need
to read
and V
complete the Business
and00
professional items schedule for individuals 2013.
CODE
Have
you You
applied
an lodge your tax return using e-tax or a registered tax agent.
You cannot lodge a paper
return.
must
YES
M NO
19 Foreign entities
exemption or rollover?
Did you have either a direct or indirect
I NO
in a controlled foreign company (CFC)?
Sensitive
Total current year capital gains H
Have you ever, either directly or indirectly, caused
the transfer of property
– including
money
– W NO
Net capital
losses
carried
or services toforward
a non-resident
trust estate?
to later income
years V
interest
NAT 2679-06.2013
Net capital gain A
YES
CFC income K
(when completed)
.00
,
Transferor
YES
trust income B
.00
,
20
19 Foreign source
entitiesincome and foreign assets or property
.00
CFC income
K
T
B
L
,
,
,
,
,
,
,
,
.00
..00
00
.00
20 Foreign source income and foreign assets
or undeducted
property purchase price D
WITH an
,
,
.00
,
,
,
,
,
,
DidAssessable
you have either
a direct
or income
indirect
foreign
source
interest in a controlled foreign company (CFC)?
EI
NO,
YES,
income
Have you ever, either directly or indirectly, caused Other net foreign employment
Transferor
YES
the transfer of property – including money – W NO
trust income
foreign pension or annuity income WITHOUT
or services to a non-resident trustNet
estate?
an undeducted purchase price
Net foreign pension or annuity income
Assessable foreign source income E
INCOME continued
. rent R
, Net foreign00
,
OtherOther
net foreign
employment
income
net foreign
source
.00income
Gross rent P
21 Rent
,
Also include at F Australian franking credits from
a
Net foreign
pension
or annuity
income
WITHOUT
Australian
franking
credits
from
New Zealand franking company that you have received
an undeducted
purchase
price
.00
a New Zealand
franking
company
deductions Q
indirectly through a partnership orInterest
trust distribution.
,
Net foreign pension or annuity income
LOSS
WITH an undeducted purchase
Net foreignCapital
employment
–
.00
works income
deductions
.00 price
, ,
payment summary U F ,
Net foreign rent
Net
.00 rent
.00
rental deductions
Exempt foreignOther
employment
income N U
, ,
Other net foreign source income
.
Also
at F Australian
credits
from aO
income
tax companies
offset
Bonuses
fromForeign
lifefranking
insurance
andAustralian
friendly
societies
22 include
,
franking
credits from
New Zealand franking company that you have received
a New Zealand
franking
company
During
the
year
did
you
own,
or
have
indirectly through a partnership or trust distribution.
an Forestry
interest in, assets
located
outside Australia
NO
YES
P
LOSS
managed
investment
scheme
income
23
which had a total
value
of
AUD$50,000
or
more?
Net foreign employment income –
.00
payment summary U
,
, completed)
Page 14
Sensitive
(when
Category 1
.00
foreign employment
income N
Type of
income
24 OtherExempt
,
income
Category 2
.
Foreign income tax offset O
During the yearTax
didwithheld
you own,
or have
– lump
sum
an interest in, assets locatedpayments
outside Australia
in arrearsP E NO
which had a total value of AUD$50,000 or more?
Taxable professional income Sensitive
Page 14
Z
TOTAL SUPPLEMENT
INCOME OR LOSS
,
YES
,
T
M
L
F
.00
00
..00
.. 00
00
,, P less ( Q,, + F + U )
D
,
,
R
M
W
F
,
,
,
,
,
,
,
,
,
,
A
,
,
.00
.00
.00
.00
.00
.00
.00
LOSS
LOSS
LOSS
LOSS
LOSS
LOSS
LOSS
LOSS
LOSS
LOSS
LOSS
TAX RETURN FOR INDIVIDUALS (supplementary section) 2013
Y
,
,
.00
V
,
,
.00
.00
.00
(when
completed)
,
For the amounts in the right-hand column
at items 13 to 24 add up all the income
amounts and deduct any loss amounts.
Transfer this amount to I
on page 3 of your tax return.
TAX RETURN FOR INDIVIDUALS (supplementary section) 2013
$
,
,
.00
LOSS
Glossary
Your quick reference guide to some of the terms used in your annual tax statement and your personal annual CGT statement (if you
received one).
Bank charges – debits tax applicable to distribution payments by cheque.
Capital loss – this amount represents the capital loss on the redemption of units in the Fund.
CGT – concession – where this term appears on your Investment Fund annual tax statement, it is the CGT discount amount of any
actual distribution. This amount is not assessable for tax purposes, so you don’t need to declare this portion of the distribution in
your tax return. No CGT cost base adjustment is required by you in relation to this amount.
Where this term appears on your personal annual CGT statement, it refers to the benefit of applying the 50 per cent discount on the
capital gain you have made on the disposal of units in the Fund.
Discounted capital gains – where this term appears on your Investment Fund annual tax statement, it refers to capital gains made
by the Fund from assets it disposed of that it had held for at least 12 months. The discount method allows the Fund to reduce the
capital gain amount by a discount percentage of 50 per cent, after applying any available capital losses.
The discounted capital gains have been split between those derived from taxable Australian real property (TARP) and those not
derived from taxable Australian real property (NTARP). This split is only relevant for non-residents of Australia, as non-residents
generally pay Australian tax only on TARP gains. If you are a resident taxpayer, you will need to include both the TARP and NTARP
gains in your tax return. Non-residents of Australia should contact their tax adviser in relation to the correct treatment of these
capital gains.
Where this term appears on your personal annual CGT statement, it refers to capital gains made by you on units in the Fund, that you
disposed of during the year and that you had held for at least 12 months. The discount percentage of 50 per cent has been used in
calculating this amount.
Please note that the method used to calculate gains/losses on units you have redeemed is the ‘first-in first-out’ basis. Therefore,
when calculating any personal capital gain you have made on redemption of your units, we have treated the first units you acquired
as being the first units you disposed of.
Fees – Adviser review fee/Client advice fee – this fee is a negotiable fee agreed between you and your adviser and is paid to your
adviser in consideration of the professional services he or she may provide. This is not a fee charged by the Responsible Entity.
Foreign income – comprises the following:
>> modified passive income – foreign
>> interest income – foreign, and
>> other income – foreign.
Foreign income tax offsets – tax paid overseas on income earned outside Australia. Refer to the publication guide to foreign income
tax offset rules (NAT 72923) to work out your entitlement to claim this full amount.
Franked dividends – these are dividends received from Australian companies that have paid Australian tax on their earnings. When
the Fund receives franked dividends the franking (tax) credits are passed on to investors.
Franking credits – these are attributable to franked dividends received by the Fund. The full amount of distributable franking credits
received by the Fund has been distributed to you even where a portion of the general expenses of the Fund has been applied against
franked dividends received by the Fund. Franking credits are allowed as an offset against your Australian tax payable and may be
refundable in certain circumstances.
Income – Australian – distributions from trusts (excluding any net capital gains, foreign income and non-assessable amounts).
This amount is your share of taxable income from dividends, interest, rental or other income derived from Australian investments,
grossed up by any franking credits.
Income – Foreign – assessable foreign source income less any deductible expenses incurred in relation to earning foreign income.
Income tax – tax withheld from any payments of other income or capital gains by the Fund, at the applicable tax rate. Applies only to those who
are non-residents of Australia for tax purposes.
Interest income – Australian – relates to amounts earned on cash or fixed interest securities held in Australia.
Interest income – Foreign – your share of interest income derived by the Fund from its overseas investments, net of foreign tax credits.
Interest not subject to Non-Resident Withholding Tax (NRWT) – interest income derived from Australian investments where that income is
prescribed under Australian tax law as exempt from tax to non-resident taxpayers. The distinction of this income from other Australian interest
income shown on your annual tax statement is only relevant to non-resident investors.
Modified passive income – Foreign – your share of dividend income derived by the Fund from its overseas investments, net of foreign
tax credits.
Non-discounted capital gains – where this term appears on your Investment Fund annual tax statement, it refers to capital gains
made by the Fund where it has bought and sold the assets within a 12-month period, so the ‘discount’ method cannot be used.
Glossary continued
The non-discounted capital gains have been split between those derived from taxable Australian real property (TARP) and those
not derived from taxable Australian real property (NTARP). This split is only relevant for non-residents of Australia as non-residents
generally pay Australian tax only on TARP gains. If you are a resident taxpayer, you will need to include both the TARP and NTARP
gains in your return. Non-residents of Australia should contact their tax advisers in relation to the correct treatment of these
capital gains.
Where this term appears on your personal annual CGT statement, it refers to capital gains made by you where you have bought and
sold units in the Fund within a 12-month period, so the ‘discount’ method cannot be used.
Please note that the method used to calculate gains/losses on units you have redeemed is the ‘first-in first-out’ basis. Therefore,
when calculating any personal capital gain you have made on redemption of your units, we have treated the first units you acquired
as being the first units you disposed of.
Other income – Foreign – your share of income other than ‘modified passive income – foreign’ and ‘interest income – foreign’ derived
by the Fund from its overseas investments, net of foreign tax credits.
Return of capital – a non-assessable distribution of capital. A return of capital distributed to you will require a reduction to the cost
base of your units in the relevant Fund.
Tax deferred income – generally relates to amounts associated with building allowances and depreciation of plant and equipment.
This amount is not assessable for tax purposes, so you do not need to declare this portion of the income distribution in your tax
return. However, you are required to adjust your cost base or reduced cost base of your units for these amounts and therefore this
may affect your future CGT liability.
Tax free income – generally relates to amounts associated with infrastructure investments. This amount is not assessable for tax
purposes, so you do not need to declare this portion of the income distribution in your tax return.
TFN tax – tax withheld from any payments of relevant income by the Fund, at the maximum marginal tax rate plus Medicare levy,
where you have not provided your tax file number (TFN).
Unfranked dividends – these are dividends received from Australian companies where the company issuing the dividend has not paid
Australian tax on the profits from which it is paying the dividend.
Unfranked dividends – CFI – an unfranked dividend paid out of conduit foreign income (CFI) is equivalent to an unfranked dividend
for an Australian resident taxpayer. The classification of unfranked dividend – CFI is only relevant to non-resident investors who may
be entitled to a withholding tax exemption upon the income.
Withholding tax – tax withheld from any payments of interest or unfranked dividend income by the Fund, at the applicable tax rate
according to the unit holder’s country of residence. Applies only to non-residents of Australia.
Note: these are only intended as brief definitions of the terms used in your annual tax statement and personal annual CGT
statement (if you received one) and may not correspond to the definitions or the terms contained in income tax legislation. The tax
information provided is based on the continuance of present laws and their interpretation. For a full explanation of these or any
other terms, please contact your financial adviser or accountant.
Contact us
AMP Capital Investors Limited
GPO Box 2780 Melbourne VIC 3001
Telephone: 1800 780 085
Facsimile: (03) 8688 5796
client.inquiry@ampcapital.com
Responsible entity: National Mutual Funds Management Ltd
ABN 32 006 787 720 AFS Licence No. 234652
Important note: This publication has been prepared to provide general information
only and does not take into account the financial objectives, situation or needs of any
particular person. It is not intended to take the place of professional advice and you
should not take action on specific issues in reliance on this information. Before making an
investment decision, you need to consider (with or without the assistance of an adviser)
whether this information is appropriate to your needs, objectives and circumstances. Past
performance is not necessarily indicative of future performance. Detailed information
about the product is contained in the PDS. Applications for investment in the product
will only be accepted on receipt of an application form accompanying a current PDS. A
copy of the PDS can be obtained by calling 137 292. National Mutual Funds Management
Ltd and its associates derive income from issuing interests in the product, full details of
which are contained in the PDS. Unless specifically stated, the repayment of capital or
performance of our products is not guaranteed. This information is provided for persons
in Australia only and is not provided for the use of any person who is in any other country.
...
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