Did you receive any other business income?
No |
Go to Part F. |
Yes |
Read on. |
You need to know
Other business income includes:
- gross sales of trading stock
- goods taken for own use from stock
- gross earnings from services
- taxi driver earnings (income you earned as a non-employee taxi driver if it is not shown at item P1)
- bad debts recovered
- profit on sale of depreciating assets
- royalties
- insurance recoveries
- subsidies
- employee contributions for fringe benefits
- non-assessable government assistance from all sources.
It excludes amounts shown at C, D, E, F, O, G and H on your schedule.
Step 1 |
Write your total amount of other primary production business income or loss at I item P8 on your schedule. Do not show cents. |
|---|---|
Step 2 |
If you made a loss, print L in the box at the right of the amount at I. |
Step 3 |
Write your total amount of other non-primary production business income or loss at J item P8 on your schedule. Do not show cents. |
Step 4 |
If you made a loss, print L in the box at the right of the amount at J. |
Step 5 |
Add up your other primary production and non-primary production income or loss and write the total amount in the Totals box item P8 on your schedule. |
Step 6 |
If you made a loss, print L in the box at the right of the Totals box. |