Private ruling: Assessability of a government grant
Published: May 2012

Ruling: Q4: Is government funding paid via the Business Operator to the Property Trust considered assessable under the capital gains tax (CGT) provisions of the ITAA 1997? Answer No.




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. | Question 1: With regard to a government grant, did the Business Operator merely act as agent for the Property Trust with the latter being the actual beneficial recipient of the funding for taxation purposes? | Question 2: Is government funding paid via the Business Operator to the Property Trust considered assessable income under section 6-5 of the Income Tax Assessment Act 1997 (ITAA 1997)? | Question 3: Is government funding paid via the Business Operator to the Property Trust considered assessable income under section 15-10 of the ITAA 1997?