• Item 2b Royalties, rent and intangible property

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    Royalties are defined in subsection 6(1) of the Income Tax Assessment Act 1936 (ITAA 1936). At E show gross expenditure for royalties payable to international related parties. At F show gross revenue from royalties derived from international related parties.

    Rent other than royalties includes gross expenditure and revenue for the use of, or the right to use, property, both tangible and intangible, not included as royalties. At G show gross rent payable to international related parties. At H show gross rent derived from international related parties.

    At I and J include gross purchases/expenditure and gross sales/revenue, respectively, for all other intangible property not in the nature of royalties or rent.

    Last modified: 28 Sep 2012QC 24214