Taxation Ruling
IT 2502W - Notice of Withdrawal
Income tax: deductibility of management and investment company subscriptions where a broker nominee company is the registered subscriber
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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Taxation Ruling IT 2502 is withdrawn with effect from today.
1. Taxation Ruling IT 2502 explains the tax deductibility of amounts paid on shares in licensed management and investment companies to a broker's client where a broker nominee company is the registered subscriber for those shares.
2. Paragraph 77F(2)(b) of the Income Tax Assessment Act 1936 limits the availability of the deduction to payments made before 1 July 1991.
3. This Ruling does not apply after the 1990-91 income year.
Commissioner of Taxation
23 April 2008