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

Ruling: Q1: 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? | A1: Yes. | Q2: 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)? | A2: No. | Q3: Is government funding paid via the Business Operator to the Property Trust considered assessable income under section 15-10 of the ITAA 1997? | A3: No. | 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? | A4: No.




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