This TD, issued Wed 23.1.2013, states that ordinary income derived by an individual from allowing wind farming infrastructure to be constructed, operated and accessed on freehold land that they own and use in carrying on a primary production business does not constitute “assessable primary production income” of that individual for the purposes of Div 392 of the ITAA 1997.
The TD was previously issued as Draft Taxation Determination TD 2012/D9 and is the same.
DATE OF EFFECT: Applies to years of income commencing both before and after its date of issue.
[LTN 15, 23/1/13]