Private ruling: Deduction, revenue vs capital
Date of advice: 7 November 2019
Published: February 2020

Ruling: A1: The expenses are deductible under section 8-1 of the ITAA 1997.




Subject: Deduction, revenue vs capital: In order to protect the privacy and commercial in-confidence components of this private binding ruling the following summary is provided: | Issue: The ruling concerned the deductibility of expenses under section 8-1 of the Income Tax Assessment Act 1997 ( ITAA 1997).