Taxation Determination

TD 92/162A1 - Addendum

Income tax: is the cost of a corporate box with associated advertising signs allowable as a deduction?

• Please note that the PDF version is the authorised version of this ruling.
  View the consolidated version for this notice.

Addendum

This Addendum amends Taxation Determination TD 92/162 to reflect the changes to the law caused by the repeal of inoperative provisions.

TD 92/162 is amended as follows:

1. Paragraph 1

(a)

Omit 'subsection 51(1) of the Income Tax Assessment Act 1936'; substitute 'section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997)^[1]'.

(b)

Omit 'subsection 51AE(4)'; substitute 'section 32-5'.

2. Paragraph 2

(a)

Omit 'section 51AE'; substitute 'Division 32'.

(b)

Omit 'subsection 51AE(13)'; substitute 'section 32-75'.

(c)

Omit 'subsection 51(1)'; substitute 'section 8-1'.

3. Paragraph 4

Omit 'subsection 51AE(13)'; substitute 'section 32-75'.

4. Subject references

Omit the references; substitute:

advertising & promotion; deductions & expenses; entertainment expenses

5. Legislative references

Omit the references; substitute:

ITAA 1997; ITAA 1997 8-1; ITAA 1997 Div 32; ITAA 1997 32-5; ITAA 1997 32-75

This Addendum applies on and from 14 September 2006. This date being the date of the repeal of sections 51 and 51AE of the Income Tax Assessment Act 1936 by the Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006.

Commissioner of Taxation
28 April 2010

References

ATO references:
NO 1-1V2N7J4