Show download pdf controls
  • B Gross rent and other leasing and hiring income



    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 the SMSF earn income from renting, leasing or hiring of land, buildings or other assets?


    Leave B blank. Go to C.


    Read on.

    Write at B the total income that the SMSF earned from renting, leasing and hiring of land, buildings and other assets. The amount at B should not be reduced by any loss or outgoing related to the income.

    If you include an amount at B that is exempt current pension income, include it also at Y Exempt current pension income.

    Do not include at B rental, leasing or hiring income that is:

    • derived from foreign sources (write it at D1 Gross foreign income)
    • part of a distribution from a partnership (write it at I Gross distribution from partnerships)
    • included in a share of net income from a trust (write it at M Gross trust distributions)
    • non-arm's-length income of a complying SMSF (write it at U3 Net other non-arm's-length income).

    Example: Rent, leasing or hiring income

    In 2016–17, SMSF B rented a house (at arm's length) to a tenant. The tenant paid a total of $15,000 in rent.

    SMSF B reports $15,000 at B Gross rent and other leasing and hiring income.

    End of example
    Last modified: 25 Mar 2021QC 51269