You can download the Self-managed superannuation fund annual return 2017(NAT 71226).
This instruction guide is not available in print or as a downloadable PDF document.
These instructions will help you complete the Self-managed superannuation fund annual return 2017. However, they are not a guide to income tax or superannuation law. Seek help from us or a recognised tax adviser if these instructions do not fully cover your circumstances.
Your super fund must lodge a Self-managed superannuation fund annual return 2017 if it was:
Only self-managed superannuation funds (SMSFs) can use the Self-managed superannuation fund annual return 2017. Super funds that are not SMSFs at the end of 2016–17 must use the Fund income tax return 2017 and, where required, a separate Super member contributions statement.
Your SMSF must lodge an SMSF annual return even if it does not have a tax liability.
Work through these SMSF annual return instructions from the start (Section A) to the finish (Section K).
Leave the answer box blank for all other questions. If you leave the answer box blank, you will have specified a zero amount or that the question is not applicable to you.
Read the instructions for each question to find out:
If a question does not apply to your SMSF, move on to the next question.
The SMSF annual return is more than an income tax return. It has 11 sections, each described below.
You must complete at least six sections (A, C, D, (F and/or G), H and K). Complete the other sections only if they apply to your SMSF.
A: Fund information: Complete this section for the SMSF; provide general and identifying information about the SMSF and its auditor.
B: Income: Complete this section if the SMSF has assessable income to report.
C: Deductions and non-deductible expenses: Complete this section for the SMSF; report all the SMSF’s expenses, both deductible and non-deductible.
D: Income tax calculation statement: Complete this section for the SMSF to calculate the amount due or refundable to the SMSF.
E: Losses: Complete this section if the SMSF has tax or capital losses to carry forward to later income years.
Sections F and G: Member information and supplementary member information:Complete either Section F or Section G (or both) for the SMSF. Report contributions and account balances for each of the SMSF’s members:
H: Assets and liabilities: Complete this section for the SMSF. Report all of the SMSF’s assets and liabilities at 30 June 2017.
I: Taxation of financial arrangements Complete this section if the taxation of financial arrangements provisions apply to the SMSF.
J: Other information Complete this section if the SMSF has made or is making a family trust election or an interposed entity election.
K: Declarations: Complete this section for the SMSF. Declare that you have met your obligations in relation to the SMSF annual return.
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