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natashak(Initiate)Initiate
13 May 2026

My CFS managed fund has rebated $500 of the fees we paid. Our statement shows it is a rebate labeled with 24V. We did not claim a tax deduction for the fees. The ATO prefill has it at 24V. Should the accountant delete this amount as it is our own after tax money that we are getting back as a fee rebate not new income? Also this 24V seems to be triggering the primary producer income averaging in the prefill.

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1 replies
42 views
1 replies

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Taxduck(Taxicorn)Taxicorn
13 May 2026

If the fees for managing your investment were deducted by CFS before your income distribution then you would include the rebate as income (24V).

Your CFS Tax Guide (page 7) provides information on rebates.


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CFS managed fund fee rebate | ATO Community