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- 7 October 2011
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I've done my own tax online for the past few years and noticed something this year that I'm not sure occurred in previous years.
Deductions - item D8 - dividend deductions, where you can claim for expenses against the income produced from shares. The figure obtained there does not automatically appear at item IT5, the income test specific to net financial investment losses, even though it is required there. I would have thought that it should automatically appear there, but it requires manual entry instead.
Maybe it's not a glitch as such but if anyone was in a click-and-flick mood then it could be easily missed.
Deductions - item D8 - dividend deductions, where you can claim for expenses against the income produced from shares. The figure obtained there does not automatically appear at item IT5, the income test specific to net financial investment losses, even though it is required there. I would have thought that it should automatically appear there, but it requires manual entry instead.
Maybe it's not a glitch as such but if anyone was in a click-and-flick mood then it could be easily missed.