Private ruling: Income Tax Exemption
Published: January 2015

Ruling: Q1: Will the Club continue to be exempt from income tax under section 50-1 of the Income Tax Assessment Act 1997 (ITAA 1997) as a club to which item 9.1 in section 50-45 of ITAA 1997 applies, during and after the period of the proposed works on the site? | A1: Yes. On the basis of the Club's submission, it is reasonable to accept that, based on the activities of the Club, its main objective and substantive requirement, continues to be in relation to which item 9.1 in section 50-45 of the ITAA 1997 applies. The proposed works on site will be incidental or secondary and to assist the Club to carry out its main objective.