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What is the code for rental income & do you capture mortgage payments as'rental paid'?

Posted 20 November 2013

Regarding rental income. The section 'rental paid' what exactly does this refer to?The monthly mortgage payment? Source Code - can't find rental income applicable code, could you help?Last year I used code 4210 - is this correct

TaxTim TaxTim says:
20 November 2013 at 22:11

That is rental paid to for rent of offices or areas you perform business or earn income in.

Rental Income source code would be part of the business source code tables which you can find in our "Tax Help" page at the bottom of the page.

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