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Item 54 - Other refundable tax offsets

Label G - Other refundable tax offsets

Exploration Credit Tax Offset

Show at G the total exploration credits received by the trust during the income year (including any exploration credits received indirectly through a partnership or other trust).

Show the beneficiaries and trustee's share of the exploration credit tax offset at this item and at item 55 Statement of distribution.

Click label G to open the worksheet exc, refer to Exploration credits worksheet (exc).

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