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Taxation Ruling

IT 70

Data modules/disc packs - investment allowance

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FOI status:

may be releasedFOI number: I 1100425

Preamble

The question of the eligibility of a computer data module for investment allowance purposes was considered. The module is an improvement on a disc pack.

Ruling

2. Careful consideration has been given to the differences between a standard disc pack and a data module. It is considered that the data module could not be regarded for investment allowance purposes as other than a device similar to a disc pack. The data module does not, therefore, qualify for the investment allowance because of 82AF(2)(d) of the Income Tax Assessment Act which excludes 'discs or other similar devices' from the allowance.

Commissioner of Taxation
29 March 1977

References

ATO references:
NO 77/3043 F46

Date original memo issued:
29.03.77

Subject References:
data modules/disc packs
investment allowance

Legislative References:
ITAA 82AA
ITAA 82AF(2)(d)


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