Do I include amounts I received from diesel fuel rebates in my instalment income?
These amounts are assessable income and are included as instalment income at item T1. The diesel fuel rebate is assessable income in the hands of the recipient if it is paid as a consequence of the recipient’s income producing activities. For example, if a taxpayer is carrying on a farming business and the diesel fuel which gave rise to the entitlement to the rebate is consumed in the course of farming, the rebate has the character of assessable income in the farmer’s hands. The rebate received by the recipient is income according to ordinary concepts.
