Private ruling: Investment income
Date of advice: 25 January 2023
Published: 13 March 2023
Ruling period: Year ending 30 June 20XX
Date scheme commenced: 1 July 20XX

Ruling: Q1: Is the profit from your investment with Business A assessable income? | A1: Yes. The profit is considered to be investment income therefore it is assessable income under section 6-5 of the Income Tax Assessment Act 1997 .

Relevant facts and circumstances: You invested a specified amount with Business A at a specified date. Business A uses your investment money in gambling activities. You will receive a return on your investment less any fees charged by Business A.

Relevant legislative provisions: Income Tax Assessment Act 1997 section 6-5