Item 52 - Non-refundable carry forward tax offsets
Show at item 52 the sum of the following non-refundable carry forward tax offsets that the trust has available to allocate to the beneficiaries and/or the trustee for the income year:
Label H Early stage venture capital limited partnership tax offset
Label I Early stage investor tax offset
This is worked out as the amount of each tax offset to which the trust would have been entitled for the income year, had it been an individual.
Show the beneficiaries’ and trustee’s tax offset entitlements at item 55: Statement of distribution. Labels M and T for beneficiaries and K and J for income to which no beneficiary is presently entitled.
CCH References
20-700 Outline of innovation incentives