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Thin capitalisation schedule 2005

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					BUSINESS        COMPANIES,                INSTRUCTIONS   NAT 6458–6.2005
                SUPERANNUATION FUNDS
                PARTNERSHIPS AND TRUSTS
SEGMENT         AUDIENCE                  FORMAT         PRODUCT ID




Thin capitalisation
schedule
2005
Schedule and explanatory notes for 1 July 2004–30 June 2005




                                                         For more information visit
                                                         www.ato.gov.au
THIN CAPITALISATION
SCHEDULE NOTES
If you are subject to the thin capitalisation provisions you     ITEM 3
must complete this schedule when preparing your tax              Show at E the code which represents the type of
return.                                                          averaging method that you used for calculating ‘average
The schedule is available through the electronic lodgment        values’. For more information refer to the publication Guide
service (ELS) for both companies and funds. Alternatively,       to thin capitalisation and ITAA 1997.
companies, funds or other entities should complete the
paper schedule. The completed paper schedule only
should be posted to the following address:                          Code Method of average calculation used
          Australian Taxation Office                                  1      Opening/closing balances
          PO Box 1365                                                 2      Three measurement days
          Albury NSW 2640
                                                                      3      Frequent measurement – quarterly
Some entities are excluded from the requirement to apply
the thin capitalisation provisions and do not need to                 4      Frequent measurement – regular intervals
complete this schedule. To find out whether you are so
excluded or, if not, how to calculate the amounts requested
on the schedule, refer to the publication Guide to thin
                                                                 ITEM 4
capitalisation which is available on our website at              If you are subject to thin capitalisation, you are required to
www.ato.gov.au                                                   complete item 4. However, if you have used code 7 or 8 at
                                                                  C to represent the type of thin capitalisation entity you are
If you are subject to more than one application of the           (ADI) you do not need to insert an amount at K . See the
provisions during the income year, complete the schedule         Guide to thin capitalisation to find out how to calculate the
showing details of the last application.                         amounts to be inserted.

ITEM 1                                                           ITEM 5
Show at C the code which represents the type of thin             If you have used code 7 or 8 at C to represent the




                                                                                                                                  Remove form at perforation
capitalisation entity you are at the end of the income year or   type of thin capitalisation entity you are (ADI), you must
relevant period. If you do not know what type of entity you      complete all relevant labels at item 5. See the Guide to thin
are, you will need to refer to the publication Guide to thin     capitalisation to find out how to calculate the amounts to
capitalisation and the Income Tax Assessment Act 1997            be inserted.
(ITAA 1997).
                                                                 ITEM 6
NON-ADI*                                                         If you have used code 1 to 6 at C to represent the type
                                                                 of thin capitalisation entity you are (non-ADI), complete
                                                                 all relevant labels at item 6. See the Guide to thin
   Code Type                                                     capitalisation to find out how to calculate the amounts to
                                                                 be inserted.
       1    Outward investor (general)
       2    Outward investor (financial)                         ITEMS 7 AND 8
       3    Inward investment vehicle (general)                  If you rely on the arm’s length test (item 7) or the worldwide
                                                                 gearing debt/capital test (item 8), you are required to
       4    Inward investment vehicle (financial)                complete items 7 and 8 as appropriate. Refer to the
       5    Inward investor (general)                            publication Guide to thin capitalisation to find out how to
                                                                 calculate the amounts to be inserted.
       6    Inward investor (financial)



ADI*


   Code Type
       7    Outward      * An ADI is an authorised
                         deposit-taking institution.
       8    Inward
                                                        Thin capitalisation                                      2005
                                                        schedule
                                                        Print neatly in BLOCK LETTERS with a black or blue
                                                        ballpoint pen only. Print one letter or number in each box.
                                                        Do not use correction fluid or tape.




Tax file number (TFN)                                                 Australian business number (ABN)



This schedule forms part of the tax return of (name of entity):




For detailed notes on the completion of this schedule refer                     Signature as prescribed in tax return
to the Guide to thin capitalisation available on the Tax Office
website at www.ato.gov.au
Show whole dollars only.




                                                                                                          CODE

1 Show your entity type at the end of the income year.                                                C




2 Have you changed status from ‘general’ to ‘financial’                                                D   Yes      No
                                                                                                                        Print X in the
                                                                                                                        appropriate box
  during the income year?




                                                                                                          CODE

3 Show the method used for calculating ‘average values’.                                              E




4 General information – All entities to complete.
                                 Debt deduction     F            ,          ,            ,
                                                                                                    .00
                               Amount of debt                                                       .00
                           deduction disallowed     G            ,          ,            ,
                          Adjusted average debt     H            ,          ,            ,
                                                                                                    .00
                    Asset revaluation amount for                                                    .00
                     thin capitalisation purposes   I            ,          ,            ,
                   Excess debt (non-ADI)/capital                                                    .00
                                  shortfall (ADI)   J            ,          ,            ,
                         Average value of assets                                                    .00
                                (non-ADIs only)     K            ,          ,            ,                                                F
            Maximum allowable debt (non ADIs)/                                                      .00
                 minimum capital amount (ADI)       B            ,          ,            ,

NAT 6458–6.2005                                         IN CONFIDENCE when completed                                         PAGE 1
5 ADI – Complete as applicable
5a                               (Adjusted) average equity capital    L         ,             ,   ,
                                                                                                      .00

                           Average value of risk weighted assets      M         ,             ,   ,
                                                                                                      .00
5b Outward investing entity
                           Equity capital attributable to overseas                                    .00
                                    permanent establishment(s)        N         ,             ,   ,
                                       Average value of controlled                                    .00
                                              foreign entity equity   O         ,             ,   ,
                                          Tier 1 prudential capital                                   .00
                                                      deductions      P         ,             ,   ,
5c Inward investing entity
                    Average of risk weighted assets attributable                                      .00
                      to Australian permanent establishment(s)        Q         ,             ,   ,
                                 Average value of dotation capital    R         ,             ,   ,
                                                                                                      .00                    F


6 Non-ADI – Complete as applicable
6a                            Average value of non-debt liabilities   A         ,             ,   ,
                                                                                                      .00

                           Average value of associate entity debt     B         ,             ,   ,
                                                                                                      .00
                                       Average value of associate                                     .00
                                                     entity equity    C         ,             ,   ,
                                       Average value of associate                                     .00
                                            entity excess amount      D         ,             ,   ,
6b Financial entity
                                     Average zero capital amount      E         ,             ,   ,
                                                                                                      .00

                                          Average on-lent amount      F         ,             ,   ,
                                                                                                      .00
6c Outward investing entity
                                       Average value of controlled                                    .00
                                              foreign entity equity   G         ,             ,   ,
                                       Average value of controlled                                    .00
                                               foreign entity debt    H         ,             ,   ,


7 Arm’s length tests
     If relying on this test show:
                                      Arm’s length debt (non ADI)                                     .00
                                          or capital (ADI) amount      I        ,             ,   ,


8 Worldwide gearing debt/capital test
     If relying on this test show:
                                                                      ADI
                                     Worldwide group capital ratio    J
                                        Worldwide capital amount      L         ,             ,   ,
                                                                                                      .00
                                                                      Non-ADI
                                                  Worldwide debt      K         ,             ,   ,
                                                                                                      .00
                                                 Worldwide equity     M         ,             ,   ,
                                                                                                      .00

                                 Worldwide gearing debt amount        N         ,             ,   ,
                                                                                                      .00                    F


PAGE 2                                                         IN CONFIDENCE when completed                 www.ato.gov.au

				
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