General information

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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.

End of attention

An individual who was not in a partnership carrying on a business does not need to lodge a partnership tax return where the only income derived jointly (or in common) with another person was:

• rent from a jointly owned investment property
• interest from a jointly held account
• dividends from jointly held shares.

In these instances, each individual shows their share of the income and expenses at the appropriate items on their own individual tax return.