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Tax treatment of ACCUs

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07 May 2015
ERF

A number of provisions apply to Australian carbon credit units (ACCUs), including:

  • The proceeds of selling an ACCU will be 'assessable income on revenue account' in the income year the ACCU is sold or surrendered.
  • The A New Tax System (Goods and Services Tax) Act 1999 has been amended to provide that supplies of Kyoto ACCUs and non-Kyoto (eligible) ACCUs will be GST-free.
  • Sellers of ACCUs will be deemed to have received market value for an ACCU in certain circumstances (for example, transactions between related entities).

You can obtain further information about ACCUs and the tax implications of undertaking Emissions Reduction Fund activities by contacting the Australian Tax Office.

You should obtain professional advice about the tax treatment of ACCUs for your own situation.

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