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Venture capital deficit tax return 2007(一)
BUSINESS COMPANIES INSTRUCTIONS NAT 3309–6.2007
SEGMENT AUDIENCE FORMAT PRODUCT ID
Venture capital deficit
tax return 2007
Return and explanatory notes
For more information
visit .au
VENTURE CAPITAL DEFICIT TAX RETURN 2007 NOTES
The venture capital deficit tax return must be completed for all pooled development funds (PDFs)
that have a liability to pay venture capital deficit tax (VCDT).
OvErvIEw thE SImplIfIEd ImpUtatION SyStEm, fraNkINg
All PDFs have a venture capital sub-account as part of dEfIcIt tax (fdt) aNd OvEr fraNkINg tax
their franking account. Any PDF that keeps a record of More information on the simplified imputation system, FDT
its venture capital sub-account at a particular time is a and over franking tax is contained in the franking account
participating PDF at that time. return instructions and on our website.
vENtUrE capItal SUB-accOUNt datE dUE aNd payaBlE
The venture capital sub-account records venture capital The due date for payment of VCDT is the same date as
credits and venture capital debits. for lodgment of the return (that is the last day of the month
following the end of the income year).
Most commonly, a credit arises in the venture capital
sub-account when the PDF pays income tax that is
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