A Did you earn any rental income?
No |
Leave blank and go to label B |
Yes |
Calculate your rental income and write the amount in the boxes provided. Do not show cents. |
What you need to know
Rental income is the full amount of all rent paid by your tenants. Do not reduce the figure by deducting agent's commission or other costs.
B Did you earn any other rental-related income?
No |
Leave blank and go to label C |
Yes |
Calculate your other rental-related income and write the amount in the boxes provided. Do not show cents. |
What you need to know
Other rental-related income includes:
- compensation for lost rent (for example, an insurance payment)
- rental bond money you retain to cover outstanding rent or because of damage to the property
- letting or booking fees
- reimbursements and recoupments, such as reimbursements by tenants for the cost of repairs to the property.
C Working out your gross rent
Add up the amounts shown at A and B and write the total at C (Gross rent).