Private ruling: Assessability of a government grant
Published: October 2011

Ruling: Q1: Will government funding paid to the Rulee under a program in relation to the construction of a building which will be leased to another entity for the purpose of operating a business be assessable under section 6-5 of the Income Tax Assessment Act 1997 (ITAA 1997)? | A1: No. | Q2: Will government funding paid under the program for the construction of a building which will be leased to another entity for the purpose of operating a business be assessable under section 15-10 of the ITAA 1997? | A2: No. | Q3: Will government funding paid under the program for the construction of a building which will be leased to another entity for the purpose of operating a business be assessable under the capital gains tax (CGT) provisions of the ITAA 1997? | A3: No.

Relevant facts and circumstances: The facts upon which this ruling was based were extracted from (i) the application and (ii) additional information provided by your tax agent by way of email and telephone.



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