Click this link for information on Item 10 FMIS income on the ATO website.
Show at label Q the total income from all the following activities in the forestry interests that the Partnership holds in its FMIS. The amount shown will depend on the points below.
You will be required to complete item 50 label G if you have included income or deductions from Forestry MIS investments at label Q.
Harvest and sales are CGT events because these events result in the Partnership no longer holding some, or all, of its forestry interest.
Tax provides the Forestry managed investment scheme (FMIS) worksheet at this item. The income and deductions, integrate from the worksheet to this label and to item 17 label D. Refer to Forestry managed investment scheme worksheet (fms).
18-020 Registered agricultural managed investment schemes