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Edited version of private ruling
Authorisation Number: 1011596160005
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Subject: Structural improvements
Issue
The ruling concerned the whether expenditure relating to rehabilitation of an item which forms part of X, is of a capital or repair in nature and whether X is a single depreciating asset.
The Commissioner ruled that the expenditure relating to the proposed works to rehabilitate X is a repair and therefore deductible under section 25-10 of the Income Tax Assessment Act 1997 (ITAA 1997) and the expenditure on X is plant as defined at section 45-40 of the ITAA 1997.