Taxation Determination

TD 98/28W

Income tax: are grants received by small business from the Commonwealth Government Gas Emergency Assistance Fund assessable income?

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FOI status:

may be releasedFOI number: I 1018010

Notice of Withdrawal

Taxation Determination TD 98/28 is withdrawn with effect from today.

1. The Taxation Determination provided advice on the assessability of grants received by small business from the Commonwealth Government Gas Emergency Assistance Fund.

2. The issue covered in this Determination is now dealt with in Taxation Ruling TR 2005/D17, which issued today.

3. Accordingly, this Determination is no longer necessary.

Commissioner of Taxation
7 December 2005

References

ATO references:
NO NAT 98/11832-3

Subject References:
bounties and subsidies
government grants income
income

Legislative References:
ITAA97 15-10