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  • Insurance recoveries



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    Insurance recoveries for loss of livestock or for loss by fire of trees that were assets of a primary production business carried on in Australia may, following an election, be included in assessable income in equal instalments over 5 years.

    Last modified: 28 Oct 2003QC 27421