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Edited version of your private ruling
Authorisation Number: 1012573177678
Ruling
Subject: fuel tax credits
Question 1
Are the fuel tax credits you receive for domestic electricity generation included in your assessable income?
Answer
No.
This ruling applies for the following period:
Year ended 30 June 2013
The scheme commences in:
2007
Relevant facts and circumstances
You receive fuel tax credits for domestic electricity generation.
Relevant legislative provisions
Fuel Tax Act 2006.
Reasons for decision
You can claim fuel tax credits for taxable fuel, such as diesel or petrol, you acquire for use in generating electricity for domestic purposes. The fuel can be used to generate electricity using a motor or generator, for yourself or others.
'Domestic purposes' includes a:
- static home such as a single house, duplex, town house, unit or cabin
- relocatable home such as a demountable home
- marine home such as a houseboat
- mobile home such as a caravan or motor home.
Fuel tax credits you claimed for fuel used to generate domestic electricity are not assessable income and you do not need to include them in your income tax return.