Item 23 - Forestry managed investment scheme income

See Item 23 - Forestry managed investment income on the ATO website for information and examples.

Did the taxpayer receive income from a forestry managed investment scheme (FMIS)?

A forestry interest in a FMIS is a right to benefits produced by the scheme (whether the right is actual, prospective or contingent and whether it is enforceable or not).

Use the Forestry managed investment scheme worksheet (fms) and we'll and pass the amounts to both income item 23 label A and deduction item D14 label F.

CCH References

18-020 Registered agricultural managed investment schemes

18-125 Timber plantation concessions