Skip to main content
shopping_cart

Your shopping cart is empty

01 Aug 12 Sustainable rural water use and infrastructure program

On 18 February 2011, the Government announced it would seek amendments to the Income Tax Assessment Act to eliminate the timing discrepancy between when payments are taxed and when deductions are available for grant applicants under the Sustainable Rural Water Use and Infrastructure Program (SRWUIP). A capital gains tax exemption for payments under the SRWUIP would form a part of the measure.

The proposed changes will be backdated to 1 April 2010.

Treasury released draft legislation on 13 July 2012.

The ATO has now published the administrative treatment that it will apply pending the enactment of the changes.

 


Media Release Search
Keywords
Eg. TD 2005/D52 ALL words EXACT phrase WITHOUT words Date range
From To