Gross Business and/or Investment Income Definition (ATO)
Avoid making costly mistakes for your business and save tax, read our PAYG Instalments Guide in full.
What is included in gross business and/or investment income?
Gross business and/or investment income includes the following items:
- Gross sales
- Fees received for services
- Gross interest from investments
- Gross rent received
- Unfranked and franked dividend amounts
It does not include:
- Salary or wages
- Franking credits
- Capital gains
- Non-assessable income
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References
PAYG instalments – fact sheet for individuals, Working out your own instalment amount, ATO, 2011