Private ruling: Application of section 8-1 and Division 250 of the Income Tax Assessment Act 1997 (ITAA 1997)
Published: December 2013

Ruling: Q4: No, Division 250 of the ITAA 1997 will not apply to the entity in relation to its interest in the Project.




Subject: Application of section 8-1 and Division 250 of the Income Tax Assessment Act 1997 (ITAA 1997): The Commissioner was asked to rule on the following issues. | Question 1: Will Operating Licence Payments payable by the entity under Operating Licences be deductible under section 8-1 of the ITAA 1997? | Question 2: Will Division 250 of the ITAA 1997 apply to the entity in relation to its interest in the Project? | The Commissioner has ruled that: | Question 1: Yes, the Operating Licence Payments payable by the entity under the Operating Licences will be deductible under section 8-1 of the ITAA 1997.