Draft Taxation Determination
TD 93/D94W - Withdrawal
Income tax: are lease payments allowable as a deduction under subsection 51(1) of the Income Tax Assessment Act 1936 where a previously owned asset is traded-in on the newly leased asset?
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Please note that the PDF version is the authorised version of this withdrawal notice.
Notice of Withdrawal
Draft Taxation Determination TD 93/D94 is withdrawn with effect from today.
1. The draft Taxation Determination deals with deductibility of lease payments under former subsection 51(1) of the Income Tax Assessment Act 1936 where the previously owned asset is traded-in on the newly leased asset.
2. The contents of the draft Taxation Determination have been incorporated into draft Taxation Ruling TR 95/D28, which was finalised by Taxation Ruling TR 98/15 on 30 September 1998.
Commissioner of Taxation
7 August 2013
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