EV 1052081906296currentnon-binding advice

Assessable income - rehabilitation payment

Non-binding edited private advice. This is an edited version of private advice the ATO gave to a specific taxpayer about their own circumstances. You cannot rely on it — it is not binding and provides no protection for anyone else (see PS LA 2008/4). Use it as a guide to the ATO’s thinking, not as authority.

1

1 Is the rehabilitation payment you received assessable income?

2

No. Based on the information provided to the commissioner, the rehabilitation payment you received to assist with your return to work is not assessable income under Section 6-5 of the Income Tax Assessment Act 1997 (ITAA 1997) as it does not meet the definition of ordinary income. This payment is therefore not required to be declared in your tax return. This ruling applies for the following period : Year ended 30 June 20XX The scheme commences on: 1 July 20XX

3

You have received a rehabilitation payment. This payment is a one-off payment. The payment was made to assist you to return to work. The payment was used for reimbursement of your expenses in seeing various health professionals.

4

Income Tax Assessment Act 1997 Section 6-5