Working for Families tax credits and family scheme income
Overview
This interpretation statement gives an overview of eligibility for Working for Families tax credits and discusses the adjustments required to a person’s net income to determine family scheme income. Key adjustments that may be relevant are income from associated trusts and companies, passive income over $500 of dependent children, payments from trusts other than beneficiary income and other payments supporting the family if they total more than $5,000.
What happens next
We will acknowledge receipt of your comments immediately, and reply in more detail before the item is finalised.
Audiences
- Activities
- Tax technical
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