ITAA 1997 s 35-10

Non-commercial business losses - Commissioner's discretion regarding flood, bushfire or COVID-19

Commissioner's discretion contained in section 35-55 of the Income Tax Assessment Act 1997

Commissioner's discretion- Special Circumstances - expectation of taxation profit not decisive

Non Commercial Losses: Assessable income test - whether an increase in the value of trading stock on hand for an income year is assessable income 'from' the business activity.

Non Commercial Losses: Assessable income test - whether a balancing adjustment is income 'from' the business activity.

Non Commercial Losses: whether business bank interest is assessable income from the business activity

Non Commercial Losses: bounties, subsidies and grants - assessable income 'from' the business activity

Non Commercial Losses: assessable income test - income from a personal income protection insurance policy is not income from a business activity

Non Commercial Losses: assessable income test - income 'from' a business activity

Non Commercial Losses: 'other assets test' - rally cars

Non Commercial Losses: Farm Management Deposit withdrawal - assessable income 'from' the business activity

Non Commercial Losses: assessable income - whether Landcare grant is income 'from' the business activity

Non-commercial losses: do the beneficiaries of a discretionary trading trust carry on a business activity?

Non Commercial Losses: 'other assets tests' - truck with carrying capacity of two tonnes

Non Commercial Losses: 'other assets test' - all terrain vehicles and agricultural motorcycles