Descriptor should read "Hours taken to complete the Business and Professional items."
N101
This field records the time taken for a business taxpayer to prepare information and complete the return/schedule/form.
N104
Other offsets codes are:
'H' - Joint Petroleum Development Area tax offset;
'I' - Infrastructure borrowings offset.
N105
Vehicle expenses codes are:
'S' - Cents per kilometre;
'T' - 12% of cost of car;
'O' - One-third actual expenses;
'B' - Log book;
'N' - Expenses of certain other vehicles (motorcycles, taxis hired, utes or vans with carrying capacity over 1 tonne, other vehicles with carrying capacity over 1 tonne or 9 or more passengers).
N106
Closing stock codes are:
'C' - Cost;
'M' - Market selling price;
'R' - Replacement value.
N107
Vehicle expenses codes are:
'S' - Cents per kilometre;
'T' - 12% of cost of car;
'O' - One-third actual expenses;
'B' - Log book.
N108
Clothing and laundry codes are:
'P' - Protective clothing;
'C' - Compulsory work uniform;
'N' - Non-compulsory work uniform;
'S' - Occupation specific clothing.
N110
Loans to shareholder codes are:
'A' - All loans were made on or after 4 December 1997,
'B' - All loans were made before 4 December 1997,
'M' - Some loans were made before 4 December 1997 and some loans were made on or after 4 December 1997.
N112 - N120
Code
Description
N112
Other deductions codes (Fund form) or Other amounts codes (SMSF form) are:
'A' - Deductible balancing adjustment,
'B' - Contribution that is a fringe benefit,
'C' - Exclusion of personal contributions,
'E' - Environmental protection expenditure,
'F' - Foreign exchange losses (SMSF form only),
'I' - Listed investment company capital gain amount,
'N' - Deduction relating to foreign non-assessable non-exempt income,
'O' - Other deductions not listed,
'R' - Return of contribution by non-complying funds,
'S' - Superannuation (Financial assistance Funding) Levy Act 1993 (Fund form only),
'T' - TOFA losses or deductible TOFA balancing adjustment
N113
Trust codes are:
'D' - deceased estate;
'F' - fixed trust-other than a fixed unit trust or public unit trust as described in U, P or Q;
'H' - hybrid trust-trust with fixed and discretionary elements;
'S' - discretionary service trust;
'T' - discretionary trading trust;
'I' - discretionary investment trust;
'M' - cash management unit trust;
'U' - fixed unit trust-other than public unit trust as described in P or Q;
'P' - public unit trust-listed other than cash management unit trust;
'Q' - public unit trust-unlisted other than cash management unit trust.
N114
Self-education codes are:
'K' - There is a direct connection between the self-education and the taxpayer's current work activities because the study maintains or improves a skill or specific knowledge required for their current work activities;
'I' - There is a direct connection between the self-education and the taxpayer's current work activities because they can show that the study leads to, or is likely to lead to, increased income from their current work activities;
'O' - Other circumstances where there is a direct connection between the taxpayer's self-education and their current work activities.
N117
Super administrator codes are:
'A' - Self-administered
'C' - Accounting practice
'F' - Financial Planning practice
'I' - Industry administrator
'L' - Liquidator or Provisional Liquidator
'R' - Retail administrator
'S' - Specialist firm, Consultancy or Life office
'T' - Tax agent
'U' - Actuarial administrator
'W' - Controller or Administrator
'X' - Trustee of a bankrupt estate or the trustee of a deed under Part IX or Part X of the Bankrupt Act 1966.
N118
Wage and salary expense codes are:
'C' - All included in the expense component 'Cost of sales'
'A' - All included in the expenses component 'All other expenses'
'B' - All included in the expenses component 'Cost of sales' and 'All other expenses'
'O' - Other than 'Cost of sales' and/or 'All other expenses'.
N120
Other travel expense codes are:
'A' - Award transport
'V' - Vehicles other than cars and borrowed vehicles
'D' = Domestic travel
'T' - Overseas travel
'O' - Other
'L' - Tolls
'P' - Parking.
N121 - N129
Code
Description
N121
Clothing expense codes are:
'L' - Laundry
'D' - Dry cleaning
'P' - Protective clothing
'C' - Compulsory work uniform
'N' - Non-compulsory work uniform
'S' - Occupation specific clothing
'O' - Other.
N122
Self-education expense codes are:
'F' - Fees
'B' - Books, stationery, consumables
'T' - Travel
'C' - Computer including depreciation
'O' - Other.
N123
Other expense codes are:
'F' - FIDs etc
'U' - Union fees
'M' - Award overtime meal allowance expenses
'S' - Seminars
'B' - books and journals
'H' - Home office running expenses
'J' - Home office occupancy expenses
'T' - Home Telephone
'C' - Computer expenses including depreciation
'I' - Tools and equipment
'D' - Other depreciation
'O' - Other
'N' - Newspapers
'A' - Mobile Phone
'E' - Internet Access
'G' - Subscriptions
'P' - Printing Postage and Stationery.
N124
Seniors and pensioners tax offset codes are:
'A' - At any time during the year the taxpayer was: single or widowed, or separated;
'B' - The taxpayer and their spouse - married or de facto - had to live apart due to illness, or either of them were in a nursing home at any time during the financial year, and they are both eligible for this tax offset;
'C' - The taxpayer and their spouse - married or de facto - had to live apart due to illness, or either of them were in a nursing home at any time during the financial year, but the taxpayer's partner is ineligible to claim this tax offset;
'D' - The taxpayer and their spouse - married or de facto - were living together and they are both eligible for this tax offset;
'E' - The taxpayer and their spouse - married or de facto - were living together but the taxpayer's partner is ineligible to claim this tax offset.
N127
Under 18 action codes are:
'A' = Excepted person under 18 years
'M' - Person under 18 years.
N128
Sex codes are:
'M' - Male
'F' - Female.
N129
Status of business codes for Individual returns are:
'1' - Ceased business
'2' - Commenced business.
N140 - N150
Code
Description
N140
Destination codes are:
'R' - Rollover to another Super Provider account;
'I' - Individual (payment of Pension, Annuity, Lump sum or Departing Australia superannuation payment);
'D' - Payment of Death Benefit to Beneficiaries;
'V' - Payment to a non-member spouse due to marriage breakdown.
N143
Company codes are:
'1' - Co-operative
'3' - Non-profit
'4' - Strata title
'5' - Pooled development fund
'6' - Limited partnership
'7' - Corporate unit trust
'8' - Public trading trust
'9' - Private
'10' - Public
'11' - FHSA Trust.
N144
Trading stock election code is:
'Y' - Yes.
N145
Industry payments code is:
'D' - Diesel fuel rebate.
N148
Fund/trust type codes are:
'A' - Small APRA fund,
'B' - Retail fund,
'C' - Industry fund,
'D' - Corporate fund,
'E' - Eligible rollover fund,
'F' - Approved deposit fund,
'G' - Pooled superannuation trust,
'H' - Public sector fund,
'I' - Non-regulated fund
N149
EFT election code must be 'D' - Debit.
N150
'A' - Active;
'C' - Closed.
N167 - N173
Code
Description
N167
Preferred correspondence method code is:
'P' - Paper (hard copy).
N168
Address for service of notices codes are:
'S' - Superannuation Provider
'L' - Supplier of Statement File.
N169
Assessment review reason codes are:
'Q' - Assess./Advance Instal.-not paid-contribs. never received/held
'P'- Assess./Advance Instal.-not paid-contribs. being transferred
'I' - Interest.
N170
Transmission status indicator codes are:
'T' - Test
'P' - Production.
N171
Engine capacity is denoted by the following codes:
'A' engine capacity <= 1600cc or rotary engine <= 800cc
'B' engine capacity >1600cc and <= 2600cc or rotary engine >800cc and <= 1300cc
'C' engine capacity >2600cc or rotary engine >1300cc.
N172
Full period indicator code is:
'F' - Full period.
N173
Entity codes are:
'C' - Company
'P' - Partnership
'F' - Fund
'T' - Trust.
N182 - N189
Code
Description
N182
Please provide a brief description of the type of interest or dividend expense being claimed as a deduction eg interest expense, management and other fees, bank charges.
N183
Please give the name of the product or investment whose expenses are being claimed as a deduction.
N184
Please give the name of the payee, to whom was paid the amount being claimed as an interest/dividend deduction.
N186
Please answer whether the expense being claimed as an interest/dividend deduction has been paid in advance. Answer Y or N.
N187
Please enter the amount being claimed as an interest/dividend deduction for this product or investment.
N189
Please create a drop-down-box listing the Investment Codes. The Investment Codes for interest and dividend deductions are:
'BL' - Bonds - Linked bonds & Notes (including return linked to shares, bank bills rates, exchange rates etc);
