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Edited version of your written advice
Authorisation Number: 1051327929769
Date of advice: 19 February 2018
Ruling
Subject: Deductibility of Legal Expenses
In order to protect the privacy and commercial in-confidence components of this private ruling the following summary is provided:
Issue
This ruling concerned the deductible expenses in relation to legal expenses.
The Commissioner has ruled on the questions raised covering the following provisions:
Relevant legislative provisions
Income Tax Assessment Act 1997 Section 8-1
Income Tax Assessment Act 1997 Section 25-110
Income Tax Assessment Act 1997 Section 40-880
Income Tax Assessment Act 1997 Section 995-1
Income Tax Assessment Act 1997 Subsection 40-25(7)