ato logo
Search Suggestion:

General information

Last updated 11 February 2019

An individual does not need to lodge a partnership tax return where the only income derived jointly (or in common) with another person was:

  • rent from a jointly owned property
  • interest from a jointly held account
  • dividend's from jointly held shares.

That individual was not in a partnership carrying on a business of any of these activities. In these three instances, each individual shows their share of the income and expenses at the appropriate items on their own individual tax return.

QC22967