Private ruling: Assessability of government grant
Published: September 2011

Ruling: Q1: Will government funding paid to the Rulee under a program in relation to the construction of a building which will be leased to another entity for the purpose of operating a business be assessable under section 6-5 of the Income Tax Assessment Act 1997 (ITAA 1997)? | A1: No. | Q2: Will government funding paid under the program for the construction of a building which will be leased to another entity for the purpose of operating a business be assessable under section 15-10 of the ITAA 1997? | A2: No. | Q3: Will government funding paid under the program for the construction of a building which will be leased to another entity for the purpose of operating a business be assessable under the capital gains tax (CGT) provisions of the ITAA 1997? | A3: No.

Relevant facts and circumstances: The facts upon which this ruling was based were extracted from (i) the application and (ii) additional information provided by your tax agent by way of email and telephone.



Please check this edited version to be sure that there are no details remaining that you think may allow you to be identified. If you have any concerns about this ruling you wish to discuss, you will find our contact details in the fact sheet.