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  • myTax 2018 Other income

    Complete this section if you have any other income that you have not been able to show anywhere on your tax return.

    Any other income includes:

    For more information, see You need to know.

    Amounts that you do not need to include in your tax return

    You might have received amounts that you do not need to include as income in your tax return. For more information, see Amounts that you do not pay tax on.

    Do not show at this section

    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

    Do not show the following amounts at this section:

    • lump sum payments in arrears. Show these at:
      • Salary, wages, allowances, tips, bonuses etc, or Foreign employment income (on a payment summary) in the Payment summaries section, or
      • Foreign pensions and annuities or Foreign employment income (not on a payment summary) in the Foreign income, assets and entities section.
       
    • other taxable allowances or payments you received from the Department of Human Services. Show these at Australian Government special payments in the Payment summaries section. Other taxable allowances or payments include:
      • activity supplement or farm financial assessment supplement that are paid under the farm household allowance program
      • Business Services Wage Assessment Tool (BSWAT) lump sum payment in arrears
      • Australian Government emergency payments.
       
    • foreign exchange losses. Show these at Other foreign income in the Foreign income, assets and entities section
    • rental income or losses. Show these in the Rent section
    • business income or losses. Show these at Business income or losses in the Business/sole trader, partnership and trust income (including loss details) section
    • partnership income or losses. Show these at Partnerships in the Business/sole trader, partnership and trust income (including loss details) section
    • capital gains or capital losses. Show these in the Capital gains or losses section
    • discounts on shares, stapled securities (provided at least one of the stapled interests is a share in a company) or rights to acquire shares or such stapled securities, acquired under an employee share scheme. Show these at Employee share schemes in the Other income section

    If you can't see these sections, use the Personalise return screen to select those sections that apply to you. For further help with personalising your return, see How to personalise your return.

    Depreciation and capital allowances tool

    You can use the Depreciation and capital allowances tool to work out any assessable balancing adjustment when you stop holding a depreciating asset. To access the tool, select Work it out in the Deductions section on the Prepare return screen.

    Completing this section

    We have pre-filled your tax return with ATO interest remitted by us. Check for other income amounts you received that are not pre-filled and ensure you add them.

    1. For each type of other income, select Add.
    2. Select the Type of payment and enter information into the corresponding fields. MyTax will permit only one Type of payment of Special professional income.
      Select Save.
    3. Select Save and continue.

    Notes:

    • Other income shown at this section where the Type of payment is Financial investments not shown elsewhere, Other or Special professional income, is used in working out whether you have to pay PAYG instalments and, if so, your instalment rate.
    • If you used the Depreciation and capital allowances tool, fields containing information from the tool cannot be directly adjusted in myTax. To make any adjustments to this information, or to add new assets to the tool, select Work it out.
      Last modified: 28 Jun 2018QC 55659