#### 15‑45 Amounts paid under forestry agreements (1) Your assessable income includes an amount you receive under an agreement for the planting and tending of trees for felling if: (a) you are the manager of the agreement as mentioned in section 82KZMG of the Income Tax Assessment Act 1936; and (b) the amount satisfies, for the entity that paid it, the requirements of that section. The amount is included for the income year in which the entity can claim a deduction for the amount. (2) No part of an amount included under subsection (1) is included in your assessable income for a later income year.

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Section 15‑45 Amounts paid under forestry agreem - Income Tax Assessment Act 1997 - 15‑45 Amounts paid under forestry agreements — Zoe