Taxation Determination
TD 94/94W
Income tax: can subsection 51(2A) of the Income Tax Assessment Act 1936 operate to deny a tax deduction, available to a motor vehicle dealer, for second schedule charges incurred when acquiring new vehicle trading stock?
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Please note that the PDF version is the authorised version of this withdrawal notice.This document incorporates revisions made since original publication. View its history and amending notices, if applicable.
Notice of Withdrawal
Taxation Determination TD 94/94 is withdrawn with effect from today.
1. Taxation Determination TD 94/94 explains the operation of subsection 51(2A) of the Income Tax Assessment Act 1936 (ITAA 1936) in relation to certain selling arrangements for new motor vehicles.
2. Subsection 51(2A) of the ITAA 1936 was repealed with effect from 14 September 2006. Its effect is now incorporated within section 70-15 of the Income Tax Assessment Act 1997.
3. The Determination is withdrawn as it is no longer current.
Commissioner of Taxation
24 August 2011
References
ATO references:
NO 1-22SCT2I
Date: | Version: | Change: | |
15 December 1994 | Original ruling | ||
29 November 2006 | Original ruling + note | Repeal provision note | |
You are here | 24 August 2011 | Withdrawn |