In relation to business income, which of the following statements is most correct?
value of a shop fit-out received by a lessee as a lease incentive will always be ordinary income.
b. The proceeds from the sale of land purchased in 1986 to carry on a farming business will be ordinary income.
c. Australian courts tend to take a narrow view of the scope of a business.
d. The proceeds from the mere realisation of an investment or an income earning property are not always ordinary income.
e. If a business earns an amount from an unusual or one-off transaction it will not be assessable income.