Taxation Ruling
IT 2208W - Notice of withdrawal
Income tax: administration expenses: exploration and prospecting business
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Please note that the PDF version is the authorised version of this withdrawal notice.
Notice of Withdrawal
Taxation Ruling IT 2208 is withdrawn with effect from 30 March 2023.
1. IT 2208 outlined the Commissioner's view on the treatment of expenses incurred in a business of exploration and prospecting at a point before any assessable income is derived.
2. Taxation Ruling TR 2017/1 Income tax: deductions for mining and petroleum exploration expenditure outlines the Commissioner's view on the treatment of exploration and prospecting expenditure under the law as it currently applies.
Commissioner of Taxation
29 March 2023
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