Private ruling: Assessability of a Government Grant
Published: February 2012

Ruling: Q1: Is government funding paid to the Rulee considered assessable income under section 6-5 of the Income Tax Assessment Act 1997 (ITAA 1997)? | A1: No. | Q2: Is government funding paid to the Rulee considered assessable income under section 15-10 of the ITAA 1997? | A2: No. | Q3: Is government funding paid to the Rulee assessable under the capital gains tax (CGT) provisions of the ITAA 1997? | A3: No.




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