Tax Return work

Page 1Sensitive (when completed)NAT 0659-06.2019

When completing this return n Print clearly, using a black pen only. n Use BLOCK LETTERS and print one character in each box.

S M I T H S T

n Place X in all applicable boxes.

Day Month Year Day Month Year

to

Or specify period if part year or approved substitute period.

Partnership information

Notes to help you prepare this tax return are in the Partnership tax return instructions 2019 (the instructions), available on our website ato.gov.au

Partnership tax return 2019

Name of partnership

Australian business number (ABN)

Tax file number (TFN) Have you attached any

‘other attachments’? Yes No

See the Privacy note in the Taxpayer’s declaration.

Previous name of partnership If the partnership name has changed, print the previous name exactly as shown on the last tax return lodged.

Suburb/town State/territory Postcode

Current postal address If the address has not changed, print it exactly as shown on the last tax return lodged.

Country if not Australia

Postal address on previous tax return

Suburb/town State/territory Postcode

If the address has changed, print the previous address exactly as shown on the last tax return lodged.

Country if not Australia

06590619

Page 2 Sensitive (when completed) PARTNERSHIP TAX RETURN 2019

Interposed entity election status If the partners have an existing election, write the earliest income year specified. If the partners are making one or more elections this year, write the earliest income year being specified and complete an Interposed entity election or revocation 2019 for each election.

If revoking an interposed entity election, print R and complete and attach the Interposed entity election or revocation 2019.

Final tax return No Yes

1 Description of main business activity

Industry code A

2 Status of business – print X at label B1, B2 or B3, whichever is the first applicable option, or leave blank.

Ceased businessMultiple business B1 B2 Commenced business B3

Consolidated subsidiary member

Significant global entity

Z2

G1

Consolidation status – print X at label Z2 if applicable

4 Did you sell any goods or services using the internet? Yes NoQ

Full name of the partner to whom notices should be sent If the partner is an individual print details here.

Surname or family name

First given name Other given names

Title: Mr Mrs Miss Ms Other

If the partner is a company or trust, print details including ABN here.

ABN

Name

Entity status – print X at label G1 if applicable

Page 3Sensitive (when completed)PARTNERSHIP TAX RETURN 2019

Partnership TFN

Income excluding foreign income

6 Tax withheld

Credit for tax withheld – foreign resident withholding (excluding capital gains)

.00, ,U

Tax withheld where ABN not quoted .00, ,T

5 Business income and expenses

Total business income

Income Gross payments

where ABN not quoted C D

Other business income G H

Assessable government

industry payments E F

CODE CODE

Primary production Non-primary production Totals

WHOLE DOLLARS ONLY

Gross payments subject to foreign

resident withholding (excluding capital gains)

B

Contractor, sub-contractor and

commission expenses C

Superannuation expenses D

Bad debts F

Lease expenses G

Rent expenses H

Total interest expenses I

Total royalty expenses J

Depreciation expenses K Motor vehicle

expenses L Repairs and

maintenance M

All other expenses N

Cost of sales E

OTotal expenses – labels P to N

Expenses Foreign resident

withholding expenses (excluding capital gains)

P

Reconciliation items Add: Income

reconciliation adjustments

A

Add: Expense reconciliation adjustments

B

SRQ Net income or loss

from business

Net small business income

.00, ,V

CODE

06590719

Page 4 Sensitive (when completed) PARTNERSHIP TAX RETURN 2019

9 Rent Gross rent .00, ,F

Other rental deductions .00, ,H

Interest deductions , ,G .00

Capital works deductions , ,X .00

.00, ,Net rent

10 Forestry managed investment scheme income Q .00, ,

J .00, , 11 Gross interest – including Australian Government loan interest

TFN amounts withheld from gross interest , ,I

.

12 Dividends

TFN amounts withheld from dividends , ,N

.

K .00, ,Unfranked amount

L .00, ,Franked amount

M .00, ,Franking credit

14 Other Australian income – give details Type of income

O .00, ,,

15 Total of items 5 to 14 .00,, ,Add up the boxes.

8 Partnerships and trusts Primary production

Distribution from partnerships A .00, ,,

Distributions of foreign income must be included at item 22 or 23.

Share of net income from trusts Z Deductions relating to

amounts shown at A and Z S Net primary production amount .00, ,,

.00, ,,

.00, ,,

Share of credits from income Share of credit for tax withheld

where ABN not quoted .00, ,C ,

Share of franking credits from franked distributions

. , ,D ,

Share of credit for TFN amounts withheld from interest, dividends

and unit trust distributions E ., ,,

Share of credit for tax withheld – foreign resident withholding

(excluding capital gains) .00, ,U ,

Credit for TFN amounts withheld from payments from closely held trusts , ,O ,

.

Non-primary production Distribution from partnerships,

less foreign income B

Net non-primary production amount .00, ,,

Deductions relating to amounts shown at B and R T

.00, ,,

Share of net income from trusts, less capital gains, foreign income

and franked distributions R .00, ,,

Franked distributions from trusts F .00, ,,

.00, ,,

Deductions relating to franked distributions from trusts in label F G

.00, ,,

Page 5Sensitive (when completed)PARTNERSHIP TAX RETURN 2019

Partnership TFN

Deductions 16 Deductions relating to Australian investment income P .00, ,

17 Forestry managed investment scheme deduction D .00, ,

18 Other deductions – show only deductions not claimable at any other item Name of each item of deduction

, .00

, .00 Q .00, ,

Amount

,

,

19 Total of items 16 to 18 .00, ,,

20 Net Australian income or loss .00,, , Subtract item 19

from item 15. $

Foreign income

If you answered Yes at label S, complete and attach an International dealings schedule 2019.

22 Attributed foreign income

M .00, , Listed

country

X .00, , Unlisted country

Did you have overseas branch operations or a direct or indirect interest in a foreign trust, foreign company, controlled foreign entity or transferor trust?

Yes NoS

24 Total of items 20 to 23 .00, , Total net income or loss –

add the boxes. ,

23 Other assessable foreign source income – other than income shown at item 22

Also include at label D Australian franking credits from a New Zealand franking company that you have received indirectly through a partnership or trust.

V .00, ,NetB .00, ,Gross

D .00, , Australian franking credits

from a New Zealand franking company

Z ., , Foreign income

tax offset

,

06590819

Page 6 Sensitive (when completed) PARTNERSHIP TAX RETURN 2019

Key financial information 32 All current assets F .00, ,,

33 Total assets G .00, ,,

34 All current liabilities I .00, ,,

35 Total liabilities J .00, ,,

Taxation of financial arrangements 31 Taxation of financial arrangements (TOFA)

Total TOFA gains .00, ,M ,

Total TOFA losses .00, ,N ,

Overseas transactions / thin capitalisation 29 Overseas transactions

Did you directly or indirectly send to, or receive from, one of the countries specified in the instructions, any funds or property or Do you have the ability or expectation to control, whether directly or indirectly, the disposition of any funds, property, assets or investments located in, or located elsewhere but controlled or managed from one of those countries?

Yes NoC

Transactions with specified countries

Was the aggregate amount of your transactions or dealings with international related parties (including the value of any property/service transferred or the balance of any loans) greater than $2 million?

Yes NoW

Did the thin capitalisation provisions affect you? Yes NoO

Interest expenses overseas .00, ,D ,

Royalty expenses overseas .00, ,E ,

If you answered Yes at label W or O or completed D or E, complete and attach the International dealings schedule 2019.

30 Personal services income

Yes NoNDoes your income include an individual’s personal services income?

Did you satisfy the results test in respect of any individual? Yes NoC

Do you hold a personal services business (PSB) determination in respect of any individual? Yes NoD

Total amount of PSI included at item 5 income labels

.00, ,A , Total amount of deductions against PSI

included at item 5 expense labels .00, ,B ,

For any individual for whom you did not satisfy the results test or hold a PSB determination, and each source of their PSI income yielded less than 80% of their total PSI, indicate if you satisfied any of the following personal services business tests – print X in the appropriate box(es).

Unrelated clients test E1 Employment test E2 Business premises test E3

Page 7Sensitive (when completed)PARTNERSHIP TAX RETURN 2019

48 Small business entity simplified depreciation

A .00, ,Deduction for certain assets

B .00, , Deduction for general

small business pool

49 National rental affordability scheme F

. , ,

National rental affordability scheme tax offset entitlement

Business and professional items

Suburb/town State/territory Postcode

37 Business address of main business

A

36 Business name of main business The following items must be filled in for all partnerships carrying on a business.

38 Opening stock C .00

.0039 Purchases and other costs B

.0040 Closing stock D CODE

.0041 Trade debtors E

.0042 Trade creditors H

.0043 Total salary and wage expenses L CODE

.0044 Payments to associated persons M

.00 45 Fringe benefit

employee contributions

T

46 Trading stock election Yes No

47 Capital allowances

$ , ,Other depreciating assets first deducted B , .00

$ , ,Intangible depreciating assets first deducted A , .00

Depreciating assets first deducted in this income year

Have you self-assessed the effective life of any of these assets? Yes NoC

$ , , Assessable balancing adjustments on the disposal of intangible depreciating assets F ,

.00

$ , ,Termination value of intangible depreciating assets H , .00

$ , ,Termination value of other depreciating assets I , .00

$ , ,Total adjustable values at end of income year E , .00

$ , , Deductible balancing adjustments on the disposal of intangible depreciating assets G ,

.00

Did you recalculate the effective life for any of your assets this income year? Yes NoD

For all depreciating assets

$ , ,Deduction for project pool J , .00

$ , ,Section 40-880 deduction K , .00

Partnership TFN

06590919

Page 8 Sensitive (when completed) PARTNERSHIP TAX RETURN 2019

50 Income tests Net financial investment income or loss .00, ,G

Net rental property income or loss .00, ,H

Statement of distribution 51 Statement of distribution

Note: It is not an offence not to quote a TFN. However, TFNs help the ATO to correctly identify each partner’s tax records. The ATO is authorised by the Income Tax Assessment Act 1936 and the Income Tax Assessment Act 1997 to ask for information on this tax return. We need this information to help us administer the taxation laws. We may give this information to other government agencies authorised in taxation law – for example, the Australian Bureau of Statistics and the Reserve Bank of Australia.

Date of birth Day Month Year

Name in full of each partner and TFN or postal address – if the partner is a trustee, including a trustee company, show the name of the trust not the name of the trustee.

PARTNER 1

OR

Tax file number (TFN)

Australian business number (ABN)

NON-INDIVIDUAL

INDIVIDUAL

Tax file number (TFN)

Surname or family name

First given name Other given names

Title: Mr Mrs Miss Ms Other

Residential address

Country if outside Australia

Suburb/town State/territory

(Australia only)

Postcode

(Australia only)

Business address

Country if outside Australia

Suburb/town State/territory

(Australia only)

Postcode

(Australia only)

NAME (company, partnership, trust etc.)

Page 9Sensitive (when completed)PARTNERSHIP TAX RETURN 2019

51 Statement of distribution – continued

.00, ,CCredit for tax withheld where ABN not quoted

.00, ,F Credit for tax withheld – foreign resident withholding

(excluding capital gains)

.00, ,G Australian franking credits from

a New Zealand franking company

.00, ,HShare of net small business income

. , ,DFranking credit

. , ,ETFN amounts withheld

. , ,IShare of National rental affordability scheme tax offset

Share of income

.00, ,APrimary production

.00, ,BNon-primary production

.00, ,JShare of net financial investment income or loss

.00, ,KShare of net rental property income or loss

.00, ,MShare of exploration credits

. , ,O

Share of credit for TFN amounts withheld from payments from closely held trusts

.00, ,LFranked distributions

PARTNER 1 – continued

Page 10 Sensitive (when completed) PARTNERSHIP TAX RETURN 2019

51 Statement of distribution – continued

Date of birth Day Month Year

Name in full of each partner and TFN or postal address – if the partner is a trustee, including a trustee company, show the name of the trust not the name of the trustee.

OR

Tax file number (TFN)

Australian business number (ABN)

NON-INDIVIDUAL

INDIVIDUAL

Tax file number (TFN)

Surname or family name

First given name Other given names

Title: Mr Mrs Miss Ms Other

Residential address

Country if outside Australia

Suburb/town State/territory

(Australia only)

Postcode

(Australia only)

Business address

Country if outside Australia

Suburb/town State/territory

(Australia only)

Postcode

(Australia only)

NAME (company, partnership, trust etc.)

PARTNER 2

Page 11Sensitive (when completed)PARTNERSHIP TAX RETURN 2019

51 Statement of distribution – continued

.00, ,CCredit for tax withheld where ABN not quoted

.00, ,F Credit for tax withheld – foreign resident withholding

(excluding capital gains)

.00, ,G Australian franking credits from

a New Zealand franking company

.00, ,HShare of net small business income

. , ,DFranking credit

. , ,ETFN amounts withheld

. , ,IShare of National rental affordability scheme tax offset

Share of income

.00, ,APrimary production

.00, ,BNon-primary production

.00, ,JShare of net financial investment income or loss

.00, ,KShare of net rental property income or loss

.00, ,MShare of exploration credits

. , ,O

Share of credit for TFN amounts withheld from payments from closely held trusts

.00, ,LFranked distributions

PARTNER 2 – continued

Page 12 Sensitive (when completed) PARTNERSHIP TAX RETURN 2019

51 Statement of distribution – continued

Date of birth Day Month Year

Name in full of each partner and TFN or postal address – if the partner is a trustee, including a trustee company, show the name of the trust not the name of the trustee. INDIVIDUAL

Tax file number (TFN)

Surname or family name

Title: Mr Mrs Miss Ms Other

Residential address

Suburb/town State/territory

(Australia only)

Postcode

(Australia only)

PARTNER 3

First given name Other given names

Country if outside Australia

OR

Tax file number (TFN)

Australian business number (ABN)

NON-INDIVIDUAL

Business address

Country if outside Australia

Suburb/town State/territory

(Australia only)

Postcode

(Australia only)

NAME (company, partnership, trust etc.)

Page 13Sensitive (when completed)PARTNERSHIP TAX RETURN 2019

51 Statement of distribution – continued

.00, ,CCredit for tax withheld where ABN not quoted

.00, ,F Credit for tax withheld – foreign resident withholding

(excluding capital gains)

.00, ,G Australian franking credits from

a New Zealand franking company

.00, ,HShare of net small business income

. , ,DFranking credit

. , ,ETFN amounts withheld

. , ,IShare of National rental affordability scheme tax offset

Share of income

.00, ,APrimary production

.00, ,BNon-primary production

.00, ,JShare of net financial investment income or loss

.00, ,KShare of net rental property income or loss

.00, ,MShare of exploration credits

. , ,O

Share of credit for TFN amounts withheld from payments from closely held trusts

.00, ,LFranked distributions

PARTNER 3 – continued

Page 14 Sensitive (when completed) PARTNERSHIP TAX RETURN 2019

51 Statement of distribution – continued

Date of birth Day Month Year

Name in full of each partner and TFN or postal address – if the partner is a trustee, including a trustee company, show the name of the trust not the name of the trustee. INDIVIDUAL

Tax file number (TFN)

Surname or family name

First given name Other given names

Title: Mr Mrs Miss Ms Other

Residential address

Country if outside Australia

OR

Tax file number (TFN)

Australian business number (ABN)

NON-INDIVIDUAL

Business address

Country if outside Australia

Suburb/town State/territory

(Australia only)

Postcode

(Australia only)

NAME (company, partnership, trust etc.)

PARTNER 4

Suburb/town State/territory

(Australia only)

Postcode

(Australia only)

Page 15Sensitive (when completed)PARTNERSHIP TAX RETURN 2019

51 Statement of distribution – continued

.00, ,CCredit for tax withheld where ABN not quoted

.00, ,F Credit for tax withheld – foreign resident withholding

(excluding capital gains)

.00, ,G Australian franking credits from

a New Zealand franking company

.00, ,HShare of net small business income

. , ,DFranking credit

. , ,ETFN amounts withheld

. , ,IShare of National rental affordability scheme tax offset

Share of income

.00, ,APrimary production

.00, ,BNon-primary production

.00, ,JShare of net financial investment income or loss

.00, ,KShare of net rental property income or loss

.00, ,MShare of exploration credits

. , ,O

Share of credit for TFN amounts withheld from payments from closely held trusts

.00, ,LFranked distributions

PARTNER 4 – continued

Page 16 Sensitive (when completed) PARTNERSHIP TAX RETURN 2019

IMPORTANT If any partner 18 years old or older at 30 June 2019 does not have real and effective control over their share of income, print their name.

Surname or family name

First given name Other given names

Title: Mr Mrs Miss Ms Other

Hours taken to prepare and complete this tax return

Office use only Indics X

declare that this tax return has been prepared in accordance with information provided by the taxpayer, that the taxpayer has given me a declaration stating that the information provided to me is true and correct and that the taxpayer has authorised me to lodge this tax return.

Date

Day Month Year

Agent’s signature

Tax agent’s declaration

Client’s reference

Agent’s phone number (include area code) Agent’s reference number

Contact name

I,

Declarations Taxpayer’s declaration

Important Before making this declaration check to ensure that all income has been disclosed and the tax return, all attached schedules and any additional documents are true and correct in every detail. If you are in doubt about any aspect of the tax return, place all the facts before the ATO. The income tax law imposes heavy penalties for false or misleading statements in tax returns. This declaration must be signed by a partner.

Privacy The ATO is authorised by the Taxation Administration Act 1953 to request the provision of tax file numbers (TFNs). The ATO will use the TFNs to identify each partner in our records. It is not an offence not to provide the TFNs. However, if the TFNs are not provided, it could increase the chance of delay or error in each partner’s assessment.

Taxation law authorises the ATO to collect information and to disclose it to other government agencies. For information about your privacy go to ato.gov.au/privacy

Declaration: I declare that the information on this tax return, including any attached schedules and additional documentation is true and correct.

Date

Day Month Year

Signature