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Edited version of private advice
Authorisation Number: 1052278386582
Date of advice: 19 July 2024
Ruling
Subject: Deductions of payment by a private company
Summary
The Commissioner has issued a private ruling on whether a payment by a private company for services rendered is prima facie deductible under section 8-1 of the ITAA 1997, and if so, whether the amount of the deduction is limited by section 109 of the ITAA 1936.