TR 2019/1ER - Erratum
Income tax: when does a company carry on a business?
Please note that the PDF version is the authorised version of this ruling.View the consolidated version for this notice.
This Erratum is a public ruling for the purposes of the Taxation Administration Act 1953. It updates Taxation Ruling TR 2019/1 to correct the citation of Commissioner of Taxation v Radnor Pty Ltd  FCA 499.
TR 2019/1 is corrected as follows:
Omit footnote 9; substitute:
9 For example, whether amounts are assessable as ordinary income under section 6-5 of the ITAA 1997 (London Australia Investment Co Ltd v FCT  HCA 50 (London Australia); AGC (Investments) Ltd v FC of T 92 ATC 4239; (1992) 23 ATR 287 (AGC Investments); GP International Pipecoaters Pty Ltd v Federal Commissioner of Taxation  HCA 25 (GP International Pipecoaters)); whether outgoings or losses are deductible under section 8-1 of the ITAA 1997, and whether a company carries on the same business for the purpose of the same business test in Subdivision 165-E of the ITAA 1997 (Avondale Motors (Parts) Pty Ltd v FCT  HCA 17 (Avondale); Commissioner of Taxation v R & D Holdings Pty Limited  FCAFC 107 (R & D Holdings); Re Kennedy Holdings and Property Management Pty Ltd v Federal Commissioner of Taxation  FCA 645 (Kennedy); Commissioner of Taxation v Radnor  FCA 499 (Radnor)).
This Erratum applies on and from 5 April 2019.
Commissioner of Taxation
4 September 2019
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