10 Gross interest 2015

This question is about interest paid or credited to you from any source in Australia, including accounts and term deposits held with financial institutions in Australia. This includes:

Use Individual tax return supplement 2015 if you have any of the types of interest listed below:

Was any interest paid or credited to you from any source in Australia?



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

End of attention




Read on.

Answering this question

You will need:

  • your statements, passbooks and other documentation from your financial institutions and other sources that show 2014–15 interest income
  • any statement of account or notice of assessment (or amended assessment) you received from us during 2014–15 that shows interest we paid or credited to you, for example
    • interest on early payments
    • interest on overpayments
    • delayed refund interest.

Tax file number (TFN) amounts are amounts of tax withheld by financial institutions because you did not provide your TFN or Australian business number (ABN) to them. TFN amounts are shown on your statement or document as 'Commonwealth tax' or 'TFN withholding tax'. These amounts must be included as gross interest on your tax return.

Do not include any interest credited to a first home saver account, or included as part of a payment to you from such an account, at this item or anywhere else on your tax return.

If you were a foreign resident when you received or were credited with the interest, do not include it here; see Special circumstances and glossary for information about non-resident withholding tax on these amounts.

If you had any joint accounts, show only your share of the interest. This will be half if you held the account equally with one other person. Keep a record of how you worked out your proportion if you and the other account holders did not share the amounts of interest equally.

Completing your tax return

Step 1

Add up the amounts of gross interest you received in 2014–15.

Step 2

Write the total amount of your gross interest at L item 10. Do not show cents. If the total was less than $1, do not write anything.

Step 3

Add up all the TFN amounts shown on your statements, but do not include TFN amounts that we have already refunded to you. Write the total at M item 10. Show cents.

Where to go next

    Last modified: 29 May 2015QC 44127