Show download pdf controls
  • About question 15

    Question 15 image from tax return for individuals (supplementary section) form.

    Did you derive income or incur a loss from any business?

     

    No

     

    Yes

    Read below.

    This question covers:

    • income or a loss from a primary production business
    • income under a pay as you go (PAYG) voluntary agreement
    • income from which an amount was withheld because you did not quote your Australian business number (ABN)
    • income you derived as a non-resident from which an amount was withheld because it was subject to foreign resident withholding
    • income of an independent contractor working under a labour hire arrangement
    • income from the following specified payments
      • payment for tutorial services provided for the Indigenous Tutorial Assistance Scheme of the Department of Education, Employment and Workplace Relations
      • payment for translation and interpretation services provided for the Translating and Interpreting Service National of the Department of Immigration and Citizenship
      • income as a performing artist in a promotional activity
       
    • any other business income, such as income from being a sole trader.

    A specified payment is a payment specified in tax law for PAYG withholding purposes.

    Danger

    Do not show at this item personal services income included at item 14 Personal services income (PSI).

    End of danger

    You need to know

    Attention

    Warning:

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

    End of attention
    Further Information

    See Business and professional items 2011 (NAT 2543) before you can complete this item.

    Business and professional items 2011 contains the Business and professional items schedule for individuals 2011 (NAT 2816) and the Individual PAYG payment summary schedule 2011 (NAT 3647).

    You must show your net income or loss (that is, gross business income less business deductions) at item 15, for primary production and C for non-primary production on page 14 of your tax return.

    End of further information

    You carry on a primary production business if you carry on a business in any of the following:

    • cultivating or propagating plants, fungi or their products or parts (including seeds, spores, bulbs and similar things) in any physical environment
    • maintaining animals for the purpose of selling them or their bodily produce (including natural increase)
    • manufacturing dairy produce from raw material you produced
    • conducting operations relating directly to taking or catching fish, turtles, dugong, b che-de-mer, crustaceans or aquatic molluscs
    • conducting operations relating directly to taking or culturing pearls or pearl shell
    • planting or tending trees in a plantation or forest that are intended to be felled
    • felling trees in a plantation or forest
    • transporting trees, or parts of trees, that you felled in a plantation or forest to the place
      • where they are first to be milled or processed, or
      • from which they are to be transported to the place where they are first to be milled or processed.
       
    Further Information

    If you are a primary producer, see the publication Information for primary producers 2011 (NAT 1712).

    End of further information

    What you may need

    These publications may help you to correctly complete this item:

    Completing this item

    Part A

    Business and professional items schedule for individuals 2011 and Individual PAYG payment summary schedule 2011

    Step 1

    Complete the Business and professional items schedule for individuals 2011, sign it and attach it to page 3 of your tax return. If you do not attach your schedule, we will send your tax return back to you and will not consider that you have lodged it until it is returned with all schedules attached. We may apply the failure to lodge on time penalties if this results in your tax return being lodged after the due date. Do not include any of your calculations on your tax return. When you attach your schedule to page 3 of your tax return, print X in the Yes  box at Taxpayer's declaration question 2b on page 12 of your tax return.

    Step 2

    If you received business income from which tax was withheld, complete the Individual PAYG payment summary schedule 2011 and attach it to page 3 of your tax return. Print X in the Yes  box at Taxpayer's declaration question 2a on page 12 of your tax return.

    Part B

    Did you derive income or incur a loss from a primary production business?

    No

    Go to part C below.

    Yes

    Read below.

    Step 1

    Transfer your net income or loss from a primary production business shown at Y item P8 on your Business and professional items schedule for individuals 2011 to B item 15 on page 14 of your tax return. Do not show cents.

    Step 2

    If you made a loss, print L in the LOSS box at the right of B item 15.

    Step 3

    If you made a loss in 2010-11 from one or more business activities, check that you have completed items P3 and P9 in the Business and professional items schedule for individuals 2011.

    Part C

    Did you derive income or incur a loss from any non-primary production business?

    No

    Go to part D below.

    Yes

    Read below.

    Step 1

    Transfer your net income or loss from a non primary production business shown at Z item P8 on your Business and professional items schedule for individuals 2011 to C item 15 on page 14 of your tax return. Do not show cents.

    Step 2

    If you made a loss, print L in the LOSS box at the right of C.

    Step 3

    If you made a loss in 2010-11 from one or more business activities, check that you have completed items P3 and P9 in the Business and professional items schedule for individuals 2011.

    Attention

    If you carried on a business as an author of a literary, dramatic, musical or artistic work or as an inventor, performing artist, production associate or active sportsperson, you must also write the amount of income from these business activities at Z item 24. See Income from activities as a special professional in question 24 - Other income for more information. You will not be taxed twice on this income.

    End of attention

    Part D

    In your calculation of total business income in the Business and professional items schedule for individuals 2011, did you include income from which an amount of tax was withheld at A, B, C, D, E, F, N or O item P8?

    No

    Go to Check that you have ... below.

    Yes

    Read below.

    1.  Did you have any amounts of tax withheld under a pay as you go (PAYG) voluntary agreement?

    No

    Go to 2 below.

    Yes

    Read below.

    Add up all the amounts on your Individual PAYG payment summary schedule 2011 shown in the Tax withheld boxes where you have printed V in the TYPE  box. These amounts must correspond with the payments shown at E and F item P8 on the Business and professional items schedule for individuals 2011. Write this total at D item 15. Do not show cents.

    2.  Did you have any amounts of tax withheld because you did not quote your Australian business number (ABN)?

    No

    Go to 3 below.

    Yes

    Read below.

    Add up all the amounts on your Individual PAYG payment summary schedule 2011 shown in the Tax withheld boxes where you have printed N in the Type box. These amounts must correspond with the payments shown at C and D item P8 on the Business and professional items schedule for individuals 2011. Write this total at W item 15. Show cents.

    3.  Did you have any amounts of tax withheld because your income was subject to foreign resident withholding?

    No

    Go to 4 below.

    Yes

    Read below.

    Add up all the amounts on your Individual PAYG payment summary schedule 2011 shown in the Tax withheld boxes where you have printed F in the Type box. These amounts must correspond with the payments shown at A and B item P8 on the Business and professional items schedule for individuals 2011. Write this amount at E item 15. Show cents.

    4.  Did you have any amounts of tax withheld because you received income:

    • working under a labour hire arrangement, or
    • from a specified payment?
     

    No

    Go to Check that you have ... below.

    Yes

    Read below.

    Add up all the amounts on your Individual PAYG payment summary schedule 2011 shown in the Tax withheld boxes where you have printed S in the Type box. These amounts must correspond with the payments shown at N and O item P8 on the Business and professional items schedule for individuals 2011. Write this amount at F item 15. Do not show cents.

    Attention

    If you derived income from a business and you qualify for the small business entity concessions you may be eligible to claim the entrepreneurs tax offset. For more information, see question T13 - Entrepreneurs tax offset.

    End of attention

    Check that you have . . .

    If you received business income from which tax was withheld also check that you have:

    • completed the Individual PAYG payment summary schedule 2011 and attached it to page 3 of your tax return
    • written amounts at D, W, E and F item 15, if required
    • printed X in the Yes box at Taxpayer's declaration question 2a on page 12 of your tax return.

    Where to go next

     
      Last modified: 29 Jun 2011QC 25504