Taxation Ruling
IT 2520W - Notice of Withdrawal
Income tax: investment allowance on commander telephone systems
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Please note that the PDF version is the authorised version of this withdrawal notice.
FOI status:
may be releasedNotice of Withdrawal
Taxation Ruling IT 2520 is withdrawn with effect from today.
1. Taxation Ruling IT 2520 explains whether a commander telephone system is a unit of eligible property for the purposes of claiming a deduction for the investment allowance (known as development allowance from 30 June 1992) under the former Subdivision B of Part 3 of the Income Tax Assessment Act 1936 (ITAA 1936).
2. The former paragraph 82AB(1)(d) of the ITAA 1936 limited the availability of the development allowance to eligible property first used or installed ready for use before 1 July 2002.
3. The Ruling does not have application where the eligible property was first used or installed ready for use on or after 1 July 2002.
Commissioner of Taxation
23 April 2008
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