Private ruling: assessability of a government grant
Published: November 2012

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