Private ruling: Legal expenses
Date of advice: 20 October 2025
Published: 8 December 2025
Ruling period: Income year ended 30 June 20XX | Income year ended 30 June 20XX | Income year ending 30 June 20XX | Income year ending 30 June 20XX
Date scheme commenced: 1 June 20XX

Ruling: The Commissioner issued a ruling regarding the taxpayer's entitlement to a deduction for legal expenses, interest and borrowing costs incurred which were associated with the taxpayer's income producing activity.

Relevant facts and circumstances: Not disclosed for privacy reasons.

Relevant legislative provisions: The Income Tax Assessment Act 1997 section 8-1 | The Income Tax Assessment Act 1997 section 20-20 | The Income Tax Assessment Act 1997 subsection 20-20(2) | The Income Tax Assessment Act 1997 section 25-25