Taxation Determination TD 94/D45

TD 94/D45W - Withdrawal

Income tax: where an election is made to override the deduction limitation provisions of sections 122DG, 122JE or 124ADG,

(a)

Does the election apply to the whole of the allowable capital expenditure incurred during the year of income to which the election relates, or all deductions allowable that year, under the relevant provisions of Division 10 Subdivisions A or B or Division 10AA, in respect of allowable capital expenditure?

(b)

Can an election be made in regard to amounts disallowed as excess deductions under subsections 122DG(6), 122JE(5) and 124ADG(6), but deemed to be allowable deductions under subsections 122DG(2), 122JE(1) and 124ADG(2) by the operation of subsections 122DG(7), 122JE(9) and 124ADG(7) respectively?

• Please note that the PDF version is the authorised version of this withdrawal notice.

FOI status:

May be released

Notice of Withdrawal

Draft Taxation Determination TD 94/D45 is withdrawn with effect from today.

A draft ruling on the topic will be issued in August 1996.

Commissioner of Taxation
12 June 1996

References

ATO references:
NO NAT 95/9719-1

Related Rulings/Determinations:

TD 94/D45