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  • Other business income



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

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    Other business income includes:

    • gross sales of trading stock
    • gross sales from produce
    • goods taken from stock for your own use
    • value of livestock killed for rations
    • value of livestock exchanged for other goods or services
    • gross earnings from services
    • rent derived from carrying on a business of renting property
    • taxi driver earnings (income you earned as a non-employee taxi driver if it is not shown at Personal services income)
    • amounts received as recoupment of expenses
    • bad debts recovered
    • profit on sale of depreciating assets
    • royalties
    • insurance recoveries
    • subsidies
    • employee contributions for fringe benefits
    • assessable non-government assistance from all sources
    • foreign exchange (forex) gains.

    Your other business income excludes amounts shown at the Business payment summaries section and at the Assessable government industry payments field.

    If you are a primary producer, you must add the amounts shown at PP1, PP2, PP6, PP7 and PP10 on your primary production worksheet to any other income from a business of primary production referred to above.

      Last modified: 28 Jun 2018QC 55562