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Edited version of private advice
Authorisation Number: 1051601833737
Date of advice: 7 November 2019
Ruling
Subject: Deduction, revenue vs capital
In order to protect the privacy and commercial in-confidence components of this private binding ruling the following summary is provided:
Issue
The ruling concerned the deductibility of expenses under section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997).
Answer
The expenses are deductible under section 8-1 of the ITAA 1997.