Taxation Ruling

TR 1999/12W

Income tax: deductibility of expenses incurred in preparing for the commencement of the Goods and Services Tax (GST)

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FOI status:

Notice of Withdrawal

Taxation Ruling TR 1999/12 is withdrawn with effect from today.

1. Taxation Ruling TR 1999/12, which issued on 20 August 1999, deals with the deductibility of expenses which may be incurred by a taxpayer carrying on a business in preparing for the commencement of the Goods and Service Tax on 1 July 2000.

2. As such expenditure would generally have been incurred before 1 July 2000, Taxation Ruling TR 1999/12 is no longer required and is accordingly withdrawn.

Commissioner of Taxation
30 March 2005

References

ATO references:
NO 2003/11684

Related Rulings/Determinations:

TR 1999/12