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  1. AU Tax - Trust tax returns | Foreign income should flow through to ITR and CTRs

    52 votes

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    2 comments  ·  For accountants & bookkeepers » Xero Tax  ·  Admin →
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    working on it  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi team, as Hannah mentioned Capital Gains Tax (CGT) portion of this idea was delivered end of last year. So for 2023 tax forms - CGT events from a Trust Tax Return will distribute into an Individual Tax Return. Read our previous update for more of the detail on this. 

    In relation to the idea for foreign income to flow through to the Individual Tax Return - this is something our team are working on at present. We've slightly updated the title of this idea now for foreign income and will return to share when there's progress on this. 

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    Michael Axton commented  · 

    Another Xero issue, how many times are we going to miss this flowing through to the individual, come on Xero pick up your game

    Michael Axton supported this idea  · 

  2. Xero Tax (AU) - Distribution from Managed Funds worksheet for TRT

    59 votes

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    8 comments  ·  For accountants & bookkeepers » Xero Tax  ·  Admin →
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    Michael Axton commented  · 

    Accountant for over 30 years, every other software I have used has this option, behind the times!!!

    Michael Axton supported this idea  ·