Do I need to lodge a tax return for a partnership that only owns an investment property

 Author: Kevindou(Newbie)Newbie

5 Sept 2025

See 2025 ATO official instruction, in this case, no partnership tax return is needed.

https://www.ato.gov.au/forms-and-instructions/partnership-tax-return-2025-instructions/how-to-get-the-partnership-tax-return-2025

Using the partnership tax return instructions

These instructions will help you complete the Partnership tax return 2025 (NAT 0659).

You don't need to lodge a partnership tax return if you were not in a partnership carrying on a business or where the only income you derived jointly (or in common) with another person was:

• rent from a jointly owned investment property
• interest from a jointly held account
• dividends from jointly held shares.

In these instances, each individual shows their share of the income and expenses at the appropriate questions in their own individual tax return.

When we say you or your business in these instructions, we mean either:

• you as a business entity (the partnership) that conducts a business
• you as the tax agent responsible for completing the tax return.

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