Tax Assistant

Claiming foreign rental income

To claim foreign rental income, complete the following fields in the Item 20 worksheet:
  • Description in details of the foreign source income
  • Assessable foreign source income label E; see Australian Taxation Office (ATO)'s instructions and worksheet
  • Exempt foreign employment income; $0 if nothing to report
  • Foreign rental income gross amounts; this amount needs to be the same as label E
  • Other foreign income deductible expenses; enter the total rental deductions to be claimed
  • Foreign rental income foreign tax paid
  • During the year did taxpayer own, or have an interest in, assets located outside Australia which had a total value of AUD $50,000 or more?