• B Gross rent and other leasing and hiring income

    Show at B gross rental income from land and buildings and income from leasing and hiring, unless it is to be included at a different label. Do not reduce gross rental income by any loss or outgoing incurred in gaining or deriving that income.

    Do not show at B:

    • any rental, leasing or hiring income derived from foreign sources. This should be shown at D Net foreign income and D1 Gross foreign income.
    • any rental income included in a share of net income from a trust. This should be shown at Q Trust distributions other amounts.
    • any rental, leasing or hiring income to the extent it is non-arm’s length income of a complying superannuation fund, complying ADF or a PST. Show this amount at U Net non-arm’s length income.
      Last modified: 15 Jul 2016QC 48112