Private ruling: Deductibility of expenditure on realignment of assets
Date of advice: 21 November 2024
Published: 13 January 2025

Ruling: Q1: Are the costs incurred by Entity A to undertake the realignment of assets deductible pursuant to section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997)? | A1: Yes.




Subject: Deductibility of expenditure on realignment of assets: The Commissioner was asked the question (see below) and the Commissioner has ruled on it.