Private ruling: Temporary full expensing
Date of advice: 27 February 2024
Published: 15 April 2024

Ruling: Q1: Is Entity X entitled to apply the temporary full expensing (TFE) measures under subsection 40-160(3) of the Income Tax (Transitional Provisions) Act 1997 (IT(TP)A 1997) and deduct in full the tax cost amount in respect of depreciating assets for the year ended 30 June 2023? | A1: Yes.