Item 6 Tax withheld

Label T - Tax withheld where ABN not quoted

Click this link for information on item 6 Tax withheld on the ATO website.

Tax Withheld amount for Label T integrate from the Payment Summary schedule (PS).

Show at label T the total amount of tax deducted from the payments received where no ABN was quoted as contained in the current year Non-Individual Payment Summary schedule. The amount of tax withheld may not be more than 50% of the total at Income where no ABN was quoted (Item 5). Refer to Payment summary schedule (PS).

Do not include any share of amounts withheld that is a distribution from another partnership where an ABN was not quoted. Show this at label C Share of credit for tax withheld where ABN not quoted item 8.

If an amount of tax withheld is shown at label T, the corresponding gross income amount must be disclosed at label C and/or D Gross payments where ABN not quoted item 5

CCH References

26-120 Payments from which amounts must be withheld

Label U - Credit for tax withheld - foreign resident withholding (excluding capital gains)

Click this link for information on item 6 Tax withheld on the ATO website.

Tax Withheld amounts for Label U integrates from the Payment Summary schedule (PS).

You only complete this label if the amount was withheld in Australia and remitted to the ATO.

Show at label U the total amount of tax withheld from payments made to the partnership that were subject to foreign resident withholding (excluding capital gains). Do NOT include any share of foreign resident withholding (excluding capital gains) credits received by the partnership from another partnership or trust. These should be included at item 8.

If a credit is claimed at label U for tax withheld under foreign resident withholding (excluding capital gains), the corresponding gross payment must be shown at Item 5, Gross payments subject to foreign resident withholding (excluding capital gains) label B.

Only non-residents should complete this label. An Australian resident should not claim a foreign income tax offset at this label.

CCH References

22-000 Tax liability of non-residents

26-120 Payments from which amounts must be withheld