Is the $25000 Rural Landholders Grant provided by the NSW RAA for the Feb/Mar 2022 floods taxable?

Question

 · Accepted Answer

EdenATO · Answer

Hello there ,   Only some government grants are non-taxable. If the type of grant you received is not listed on our Disaster support grants and deductions for business (https://www.ato.gov.au/General/Support-in-difficult-times/Natural-disaster-support/Recovery-following-natural-disasters/Disaster-support-grants-and-deductions-for-business/#Nontaxablegovernmentsupportgrants) webpage, then it is taxable income.

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