TD 93/141
TD 93/141A - Addendum
Income tax: if a lessee incurs legal expenses defending a lessor's attempts to terminate the lease, are these legal expenses an allowable deduction under subsection 51(1) of the Income Tax Assessment Act 1936?
-
Please note that the PDF version is the authorised version of this ruling.View the consolidated version for this notice.
FOI status:
may be released| This Addendum forms part of the Determination and, to the extent that it is capable of being a 'public ruling' in terms of Part IVAAA of the Taxation Administration Act 1953 , it is a public ruling for the purposes of that Part. Taxation Ruling TR 92/1 explains when a Determination is a public ruling and how it is binding on the Commissioner. |
| The Tax Law Improvement Project is restructuring, renumbering and rewriting the income tax law in plain language. The Parliament is amending the income tax law progressively to reflect these aims. As new laws come into effect, Taxation Rulings ( including Taxation Determinations) about old laws are being brought into line with them. |
ADDENDUM
This Addendum amends Taxation Determination TD 93/141 as follows:
| 1. |
Question
(a) Omit 'subsection 51(1)'; substitute 'section 8-1';
|
| 2. |
Paragraph 1
Omit 'subsection 51(1)'; substitute 'section 8-1 (formerly subsection 51(1))'. |
| 3. |
Paragraph 3
Omit the paragraph. |
| 4. |
Example
(a) Omit 'subsection 51(1)';substitute 'section 8-1';
|
Commissioner of Taxation
25 June 1997