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  • Part E: Other business income

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Did you receive any other business income?

    No

    Go to Part F.

    Yes

    Read on.

    You need to know

    Other business income includes:

    • gross sales of trading stock
    • goods taken for own use from stock
    • gross earnings from services
    • taxi driver earnings (income you earned as a non employee taxi driver if it is not shown at item P1)
    • bad debts recovered
    • profit on sale of depreciating assets
    • royalties
    • insurance recoveries
    • subsidies
    • employee contributions for fringe benefits
    • non-assessable government assistance from all sources.

    It excludes amounts shown at C, D, E, F, O, G and H on your schedule.

    Completing this part

    Step 1

    Write your total amount of other primary production business income or loss at I item P8 on your schedule. Do not show cents.

    Step 2

    If you made a loss, print L in the box at the right of the amount at I.

    Step 3

    Write your total amount of other non-primary production business income or loss at J item P8 on your schedule. Do not show cents.

    Step 4

    If you made a loss, print L in the box at the right of the amount at J.

    Step 5

    Add up your other primary production and non-primary production income or loss and write the total amount in the Totals box item P8 on your schedule.

    Step 6

    If you made a loss, print L in the box at the right of the Totals box.

    Last modified: 28 May 2009QC 27547