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  1. AU Tax - Superannuation Lump Sum Tax Offset

    12 votes

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    submitted  ·  2 comments  ·  For accountants & bookkeepers » Xero Tax  ·  Admin →
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    Jane Perry supported this idea  · 

  2. AU Tax - Create CGT worksheet from Trust Income Schedule (TIS) for non-individual returns

    37 votes

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    13 comments  ·  For accountants & bookkeepers » Xero Tax  ·  Admin →
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    Accepted  ·  AdminKelly Munro (Community Manager, Xero) responded

    Appreciate the conversations here. The other idea linked in this conversation that we delivered on was the ability for information to flow from the Trust Return(TRT) to Individual Returns(ITR) which is facilitated with the Trust Income Schedule.

    We appreciate wanting to see further improvement in this space, and this is something we have intentions of looking at in the future, however we don’t have any timeframe right now. I’ll be sure to share any news with you all here.

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    Jane Perry commented  · 

    to flow from the Trust Return(TRT) to Individual Returns(ITR) - is a basic expectation

    In addition we are looking to why in a CRT (Company Return) the trust income schedule has details for CGT which feeds no where - so putting it in CGT schedule will at least ensure that it is reflected correctly BUT the trust schedule will need to be blank even though incorrect otherwise client may think it is a duplication