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Te whiriwhirihi i te toenga rawa more mō taku kaupapa atawhai Work out the net asset balance for my charity

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Work out the net asset balance

1. Take your entity's assets, including accumulated income.

2. Subtract liabilities.

3. Subtract the value of any excluded assets.

Your final figure is your net asset balance.

Record the balance

Record this in the income tax return for the period that includes the day one year after your charity was deregistered.