Taxation Ruling

IT 34

Investment allowance - video cassette recorders and television monitors

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FOI status:

Preamble

Advice was sought by a Branch Office on the treatment of video cassette recorders and television monitors for investment allowance purposes.

Ruling

It is agreed that this kind of equipment should be treated as ineligible for the investment allowance, being appliances of a kind ordinarily used for household purposes (section 82AF(1)(a)).

Commissioner of Taxation
14 September 1979

References

ATO references:
NO 78/9822

Date original memo issued:
14.09.79

Subject References:
video cassette recorders
television monitors
investment allowance

Legislative References:
ITAA 82AF(1)(a)