Taxation Ruling
IT 2127W - Withdrawal
Income tax: supplementary trust stripping settlement guidelines: subsection 226(1) penalty
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Please note that the PDF version is the authorised version of this withdrawal notice.
FOI status:
may be releasedNOTICE OF WITHDRAWAL
Taxation Ruling IT 2127 is withdrawn with effect from today.
1. Taxation Ruling IT 2127 established guidelines for the remission of additional tax where settlement offers were made in relation to particular trust stripping schemes. The guidelines are no longer applicable.
2. IT 2127 was the subject of a Notice of Archival on 9 September 1993.
3. IT 2127 is now being withdrawn in accordance with paragraph 5 of Addendum No. 3 to Taxation Ruling IT 1 Taxation Ruling System: explanation and status, which states:
We will withdraw progressively all Rulings in the IT series for which we have issued Notices of Archival.
Commissioner of Taxation
17 May 2006