The allocation of tax components for Listed Trusts, for the 2010/11 financial year, for the BlackRock Customised Portfolio Service, has now been finalised. The income amounts from Listed Trusts have been allocated to the appropriate tax components within the system.
The tax year on the system is now locked. As such you will need to request your client's account to by unlocked before you can update the tax history for previous tax years.
| Tax Reporting Check List |
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1. Ensure that all tax lot history, relating to in-specie transferred stock, is updated.
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If you have further questions regarding tax reporting for BlackRock's Customised Portfolio Service, please contact our Adviser Services Centre on 1300 366 101 or email cps@blackrock.com.
Tax Reporting Tools
The allocation of tax components for Listed Trusts (end of financial year 2010/11) within the BlackRock Customised Portfolio Service has now been finalised. The income amounts from Listed Trusts have been allocated to the appropriate tax components within the system.
If you have transferred in securities during the tax year ensure that the tax lot history is updated. See instructions in BlackRock SMA User Guide - Account Operation, page 3 section 1.
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IMPORTANT NOTE - SYSTEM TAX YEAR LOCK DOWN The tax year on the system is now locked. As such you will need to request your client's account be unlocked before you can update the tax history for previous tax years. |
Online tax reports can be produced at anytime by following the instructions in the BlackRock SMA User Guide - Account Operation, page 9, section 6.
Note: The Tax Summary report generally provides enough information for you to complete your clients' tax return however there are several other reports available which can provide further details if required.
To assist you in preparing your clients' 2011 tax return, a guide has been developed to provide a definition of each component of the Customised Portfolio Service Tax Report, including a reference to the ATO tax return labels for individuals, trusts and self managed superannuation funds.
Download a copy of the Tax Report Guide.
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IMPORTANT NOTE - SYSTEM TAX YEAR LOCK DOWN |