Private ruling: Income tax: capital allowances - project pools
Published: March 2014

Ruling: The ruling concerned the following: | For the purposes of subparagraph 40-840(2)(d)(i) of the Income Tax Assessment Act 1997 (ITAA 1997), will the amounts paid by the entity constitute an 'amount paid to create or upgrade community infrastructure for a community associated with a project'? | The Commissioner ruled that: | Yes. For the purposes of subparagraph 40-840(2)(d)(i) of the ITAA 1997, the amounts paid by the entity constitute an 'amount paid to create or upgrade community infrastructure for a community associated with a project.