| Disclaimer You cannot rely on this record in your tax affairs. It is not binding and provides you with no protection (including from any underpaid tax, penalty or interest). In addition, this record is not an authority for the purposes of establishing a reasonably arguable position for you to apply to your own circumstances. For more information on the status of edited versions of private advice and reasons we publish them, see PS LA 2008/4. |
Edited version of private advice
Authorisation Number: 1051791889685
Date of advice: 22 December 2020
Ruling
Subject: Section 8-1 of the Income Tax Assessment Act 1997
The Commissioner made a private ruling on the deductibility of damages awarded for infringing intellectual property rights under section 8-1 of the ITAA 1997.