Private ruling: Assessable income - clinical trial
Date of advice: 11 January 2022
Published: March 2022
Ruling period: 30 June 20XX
Date scheme commenced: 1 July 20XX

Ruling: Q1: Is the payment you receive for your participation in a clinical trial included in your assessable income? | A1: No. Having considered your circumstances and the relevant facts, the payment you received to attend the medical trial are not considered ordinary income and are not required to be included in your assessable income under section 6-5 of the Income Tax Assessment Act 1997 (ITAA 1997).

Relevant facts and circumstances: You participated in a clinical trial. You had to attend a clinic for part of the trial. You also had to complete tasks at home as part of the trial. The trial went for less than a month. You were paid $XXXX to participate in the trial. It was stated that the payment was made for your time and inconvenience. This amount included parking and travel expenses.

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