EV 1051932639225currentnon-binding advice

Assessable income - clinical trial

Non-binding edited private advice. This is an edited version of private advice the ATO gave to a specific taxpayer about their own circumstances. You cannot rely on it — it is not binding and provides no protection for anyone else (see PS LA 2008/4). Use it as a guide to the ATO’s thinking, not as authority.

1

Is the payment you receive for your participation in a clinical trial included in your assessable income?

2

No. Having considered your circumstances and the relevant facts, the payment you received to attend the medical trial are not considered ordinary income and are not required to be included in your assessable income under section 6-5 of the Income Tax Assessment Act 1997 (ITAA 1997). This ruling applies for the following period : 30 June 20XX The scheme commences on: 1 July 20XX

3

You participated in a clinical trial. You had to attend a clinic for part of the trial. You also had to complete tasks at home as part of the trial. The trial went for less than a month. You were paid $XXXX to participate in the trial. It was stated that the payment was made for your time and inconvenience. This amount included parking and travel expenses.

4

Income Tax Assessment Act 1997 Section 6-5