Private ruling: fuel tax credits
Published: January 2014
Ruling period: Year ended 30 June 2013
Date scheme commenced: 2007

Ruling: Q1: Are the fuel tax credits you receive for domestic electricity generation included in your assessable income? | A1: No.

Relevant facts and circumstances: You receive fuel tax credits for domestic electricity generation.

Relevant legislative provisions: Fuel Tax Act 2006 .

Reasons for decision: Summary: You can claim fuel tax credits for taxable fuel, such as diesel or petrol, you acquire for use in generating electricity for domestic purposes. The fuel can be used to generate electricity using a motor or generator, for yourself or others. 'Domestic purposes' includes a: - static home such as a single house, duplex, town house, unit or cabin - relocatable home such as a demountable home - marine home such as a houseboat - mobile home such as a caravan or motor home. Fuel tax credits you claimed for fuel used to generate domestic electricity are not assessable income and you do not need to include them in your income tax return.