Item 31 - Taxation of Financial Arrangements (TOFA) 2026

The TOFA rules apply to the following partnerships:

  • authorised deposit-taking institutions, securitisation vehicles and financial sector entities with an aggregated annual turnover of $20 million or more

  • managed investment schemes, or entities with a similar status under foreign law relating to corporate regulation with assets of $100 million or more

  • any other partnership which satisfies one or more of the following

    • an aggregated turnover of $100 million or more

    • assets of $300 million or more

    • financial assets of $100 million or more.

If the TOFA rules apply to calculate an assessable gain or deductible loss on the partnership’s financial arrangements, you must complete this item.

Label M - Total TOFA gains


We've provided a TOFA worksheet for calculation and record keeping purposes.

Click either label M or label N to open the Taxation of financial arrangements worksheet (tof) 2023.

  • Show at label M the partnership's total TOFA gains from financial arrangements.

  • Show at label N the partnership's total TOFA losses from financial arrangements.