Red is a single Australian resident.

Red earned $140 in interest during the year on a savings account he has with ANZ. The bank statement shows a 'TFN withholding tax' amount of $68.5 in relation to the interest earned.

Red holds shares in a company (company A) from which he received franked dividends totalling $800 during the year. The total franking credits allocated to these dividends (the franking credit amount) was $342.84.

Red sold his shares in a second company (company B) during the year and made a net capital gain of $1,312.

Red has an investment property that he co-owns equally with his brother. Red financed his half of the purchase price of the property with a bank loan. Red paid $6,750 in interest on the bank loan during the year. The total rent received from tenants during the year was $19,670 and deductible rental property expenditure (council rates, utilities, insurance, maintenance costs) totalled $3,900.

Red is entitled to the following additional deductions:

• $700 for a professional conference he attended
• $400 for fees charged by a registered tax agent to prepare his 2019/20 income tax return

Red participates in a Lotto syndicate with a group of work colleagues. Each member contributes $10 a month to participate in lottery games. The syndicate won a total of $23,000 during the year, with Reds share being $550.

During the year, Tom made a tax-deductible donation of $100 to the Perth Children's Hospital Foundation.

What are the figures for the rent section of Red's tax return:

21 Rent

Gross rent P .00

Interest deductions Q .00

Capital works deductions F .00

Other rental deductions U .00

Net rent .00 (Enter L if a loss)