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Introduction to Caselaw

AEDT
30 Minutes
By Mary Dossis

Learn how to efficiently locate cases by using citations, party names, keywords, or by legal topics using the Key Number system. Understand the KeyCite tabs to identify the status of a case, to see the citing references and authorities used, and if the case has any litigation...

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Practical Law - Global resources (AU)

AEST
30 minutes
By Mark Norman

This webinar shows how to use global resources for 20 countries, for customers who subscribe to the global resource package which is an add-on to Practical Law Australia content.

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Practical Law - Global resources (AU)

AEDT
30 minutes
By Mark Norman

This webinar shows how to use global resources for 20 countries, for customers who subscribe to the global resource package which is an add-on to Practical Law Australia content.

Find out more

Practical Law - Global resources (AU)

AEDT
30 minutes
By Mark Norman

This webinar shows how to use global resources for 20 countries, for customers who subscribe to the global resource package which is an add-on to Practical Law Australia content.

Find out more

How do I enter foreign rent

Complete the following fields in the item 20 worksheet:

  • Details of the foreign source income
  • Assessable foreign source income label E - refer to the ATO's instructions and worksheet, CLICK HERE
  • Exempt foreign employment income (enter $0 if there is nothing to report).
  • Foreign rental income gross amounts (this amount needs to be the same as label E)
  • Other foreign income deductible expenses (enter the total rental deductions to be claimed)
  • Foreign rental income foreign tax paid
  • During the year did taxpayer own, or have an interest in, assets located outside Australia which had a total value of AUD$50,000 or more?
     

Validation - CMN.ATO.IITR.730355 - Foreign pension or annuity income details are incomplete

This error will appear if the Foreign pension or annuity income at item 20 is incomplete. Firstly, open the item 20 worksheet and check the Foreign pensions or annuities fields:

Foreign Pension error

If the taxpayer did not have any Foreign pensions or annuities then please remove any zeroes from the fields shown above. In the example above, deleting $0 from Foreign pension or annuity foreign tax paid will resolve the error.

If the taxpayer did receive a Foreign pension or annuity then refer to the "Claiming foreign pensions or annuities" knowledge article. 
 

How do I enter foreign pensions or annuities

To claim foreign pensions or annuities using the item 20 worksheet, you will need:

  • Details of the foreign source income.
  • Assessable foreign source income.
  • Exempt foreign employment income (enter $0 if there is nothing to report).
  • Foreign pensions or annuities gross amount.
  • Foreign pensions or annuities deductible expenses (enter $0 if nothing to report).
  • Foreign pensions or annuities undeductible purchase price (amount needs to be greater than $0; otherwise leave it blank).
  • During the year did taxpayer own, or have an interest in, assets located outside Australia which had a total value of AUD$50,000 or more?

If the gross or net amount is displayed at item 20L (Net foreign pension or annuity income WITHOUT an undetected purchase price) then you will need to manually enter $0 at item D11Y Deductible amount of undeducted purchase price of a foreign pension or annuity.

If you are claiming an amount at item 20D, the undeductible purchase price needs to be greater than $0. The undeductible purchase price amount will automatically transfer to item D11Y.