Private ruling: Application of subsection 40-880(6) of the Income Tax Assessment Act 1997
Published: November 2013

Ruling: Q1: Is the payment of an amount incurred to preserve, but not enhance, the value of the goodwill for the purposes of subsection 40-880(6) of the Income Tax Assessment Act 1997 (ITAA 1997)? | A1: No.




Subject: Application of subsection 40-880(6) of the Income Tax Assessment Act 1997: The Commissioner was asked to rule on the following: