Click this link for the information on Item 21 - Rent on the ATO website.
Complete the Rental schedule if the taxpayer owned an Australian property and earned rental income or held the property available for rent for all or part of the financial year.
Rental income and deductions amounts integrate to the labels at item 21 from the Rental Schedule (ren) which is lodged as the ATO Rental schedule (B). The schedule provides for private use to be deducted and for the net rental income/loss to be shared. For information on editing expenses where one owner expends more than another; on sharing rental income/loss and on applying any private use percentage, refer to Rental Schedules (B and BR).
Depreciation expenses integrate to the rental schedule as do Capital building allowance amounts and motor vehicle expenses from the mve.
Multiple Rental Schedules may be attached to the return.
Where the property is used partly for private purposes, expenses must be apportioned accordingly.
10-500 Rents and premiums
16-650 Landlord's or lessor’s expenses