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  • Is interest assessable income?

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

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    Yes, interest is assessable income. Include any interest on your tax return in the year it is refunded to you or in the year it is set off or applied against another tax debt you had with the Tax Office.

    Last modified: 06 Mar 2020QC 27745