Item 12 - National rental affordability scheme

Show at label J National Rental affordability scheme the company's entitlement to a tax offset under the NRAS.

The refundable tax offset is available to approved participants in the NRAS scheme. In order to claim the tax offset in the 2017–18 income year, the NRAS certificate must relate to the NRAS year comprising the period 1 May 2017 to 30 April 2018.

Press [Enter] or click the label at either of item 12 label J National Rental affordability scheme to open the holding dialog. The amount at label J is passed to the Calculation statement label E Refundable tax offsets.

Integration to the holding dialog is provided for any share of NRAS tax offset distributed from a Partnership or Trust. Such amounts are entered in:

• The worksheet (dip), refer to Distributions from partnerships worksheet (dip), and

• The worksheet (dit), refer to Distributions received from trusts worksheet (dit).

Press [Enter] or click the label E Refundable tax offsets in the Calculation statement to open the worksheet itemising the amounts making up label E.

CCH References

10-895 Checklist non-assessable non-exempt income

20-600 National Rental Affordability Scheme

20-605 NRAS Refundable tax offset