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. See National rental affordability scheme taxation issues on the ATO website for further information.

The NRAS is no longer taking new investments.

The NRAS started on 1 July 2008 and offers annual incentives for a period of 10 years.

For more information, see National rental affordability scheme – taxation issues in the current year

The refundable tax offset is available to approved participants in the NRAS scheme. In order to claim the tax offset in the current income year, the NRAS certificate must relate to the NRAS year comprising the period 1 May 2018 to 30 April 2019.

Press Enter or click the label at label J 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:

• Distributions from partnerships worksheet (dip), and

• Distributions received from trusts worksheet (dit).

Press Enter or click the label E Refundable tax offsets in the Calculation statement to open the worksheet which collects amounts that make 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