Investment Income
Interest: From savings accounts, term deposits and bonds.
Dividends: Include franked and unfranked dividends from shares.
Rental Income: Gross rent received from rental properties.
Capital Gains: Report gains from the sale of investments such as shares and property.
Income Type | Reporting Details |
|---|---|
Interest | Savings accounts and term deposits. |
Dividends | Franked and unfranked. |
Rental Income | Gross rent recieved. |
Capital Gains | Gains from sale of investments. |
Example: Investment Income
Scenario: James has accrued the following investment income in 2024
Interest: $2,000 from a savings account
Dividends: $3,000 (fully franked)
Rental Income: $15,000 from a rental property
Capital Gains: $8,000 from the sale of shares
Reporting
Income Type | Amount |
|---|---|
Interest | $2,000 |
Dividends | $3,000 (fully franked) |
Rental Income | $15,000 |
Capital Gains | $8,000 |
Total Investment Income | $28,000 |