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10 Gross interest 2019

Complete question 10 to declare interest paid or credited to you from any source in Australia.

Last updated 29 May 2019

This question is about interest paid or credited to you from any source in Australia, including accounts and term deposits held with financial institutions in Australia. This includes:

  • interest we paid or credited to you
  • interest from children's accounts you opened or operated with funds that belonged to you or funds that you used as if they belonged to you. For more information about children's accounts, see Taxation Determination TD 2017/11 Income tax: who should be assessed to interest on bank accounts?

Use Individual tax return supplement 2019 if you have any of the types of interest listed below:

Show distributions of interest you received, or were entitled to receive, from a partnership or trust (including a cash management trust, property trust, unit trust or other similar trust investment product) at question 13 Partnerships and trusts 2019.

Show interest from a foreign source at question 20 Foreign source income and foreign assets or property 2019.

Show interest from infrastructure borrowings at question 24 Other income 2019 if you intend to claim a tax offset at item T10 Other non-refundable tax offsets 2019.

Was any interest paid or credited to you from any source in Australia?


Go to question 11 Dividends 2019, or return to main menu Individual tax return instructions 2019.


Read on.

Answering this question

You will need:

  • your statements, passbooks and other documentation from your financial institutions and other sources that show 2018–19 interest income
  • any statement of account or notice of assessment (or amended assessment) you received from us during 2018–19 that shows interest we paid or credited to you, for example
    • interest on early payments
    • interest on overpayments
    • delayed refund interest.

Tax file number (TFN) amounts are amounts of tax withheld by financial institutions because you did not provide your TFN or Australian business number (ABN) to them. TFN amounts are shown on your statement or document as 'Commonwealth tax' or 'TFN withholding tax'. You must show these amounts as gross interest on your tax return.

If you were a foreign resident when you received or were credited with the interest, do not include it here; for information about non-resident withholding tax on these amounts see Special circumstances and glossary 2019.

If you had any joint accounts, show only your share of the interest. This will be half if you held the account equally with one other person. Keep a record of how you worked out your proportion if you and the other account holders did not share the amounts of interest equally.

Completing your tax return

Step 1

Add up the amounts of gross interest you received in 2018–19.

Step 2

Write the total amount of your gross interest at L item 10. Do not show cents. If the total was less than $1, do not write anything.

Step 3

Add up all the TFN amounts shown on your statements, but do not include TFN amounts that we have already refunded to you. Write the total at M item 10. Show cents.

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