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CF 3: Withdrawals from foreign superannuation scheme
or “Rules for taxing money taken out of overseas retirement funds”
You could also call this:

“Money from selling depreciated items counts as income”

If you have depreciation recovery income, it counts as part of your income. Depreciation recovery income is money you get back from selling something that you’ve claimed depreciation on before. When you receive this type of income, you need to include it when you’re figuring out your total income.

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Next up: CG 2: Remitted amounts

or “Explaining how forgiven debts become taxable income”
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Part C Income
Recoveries

CG 1Amount of depreciation recovery income

  1. An amount of depreciation recovery income that a person has is income of the person.

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