Taxation Determination TD 94/D54

TD 94/D54W - Withdrawal

Income tax: are rural producers entitled to a deduction under section 73B of the Income Tax Assessment Act (the Act) for levies imposed on their produce to fund research and development (R & D) administered by the R & D Corporations as developed by the Department of Primary Industries and Energy?

• 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Draft Taxation Determination TD 94/D54 is withdrawn with effect from today.

Taxpayers who might otherwise be eligible under section 73B to claim a deductions for such levies should refer to Taxation Ruling IT 2451, in particular paragraph 10 of the Ruling to determine whether or not their claim is allowable.

Commissioner of Taxation
2 September 1998

References

ATO references:
NO NAT 96/9759-1

Related Rulings/Determinations:

TD 94/D54