My client is in business and during the 2023FY they received a $25,000 grant under the Energy Efficient Communities Program - Food and Beverage Manufacturing Business Grants. There was GST of $2,500 in addition to this grant so $27,500 total. I've done some research but can't find anything to advise whether this is assessable. Would appreciate your advice
Hi @david1962,
It does get tricky trying to work out which grants you need to report and which ones you don't.
The easiest way to check is on our website. We have a list of non-assessable, non-exempt grants.
It doesn't appear that the grant you've received is part of a NANE grant so it will need to be reported on your tax return.
Hi @david1962,
It does get tricky trying to work out which grants you need to report and which ones you don't.
The easiest way to check is on our website. We have a list of non-assessable, non-exempt grants.
It doesn't appear that the grant you've received is part of a NANE grant so it will need to be reported on your tax return.
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