If you receive investment income, dividends or profits in Australia, you generally must declare this income, regardless of whether it is distributed from a trust or partnership, or paid to you directly.

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Dividends can be paid as property, money or shares. Some dividends have an imputation or franking credit attached, which also needs to be declared on your tax return. These are usually paid from a corporate unit trust, a corporate limited partnership, and public trading trust or a listed investment company.

Interest Must Also be Declared as Income.

This interest may come from a range of sources, such as term deposits, bank accounts and foreign sources, or life insurance bonuses (not accounting for the 30% tax offset of any bonus amounts included in your income). This will also be assessed as taxable income at your nominal rate.

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You can do your tax return online easily, right now. See the “how online tax refunds work” page and follow the easy steps today.

There are several types of assessable investment income, such as capital gains, managed investment funds, rent, dividends and interest.

Capital gains is the difference between your asset’s cost and your proceeds – the difference between what you paid for it and what you received for it. This is treated as part of your income and taxed accordingly.

See our Capital Gains Tax page for more information. undistributed profits and war time excess profits

This Audio File Explains How Investments Are Taxed In Australia And How To Apply The Correct Rate

Visit our How It Works page and follow the steps to lodge your tax online now.