Private ruling: Employment Termination Payment
Date of advice: 17 November 2017
Published: March 2018

Ruling: Q1: Is the payment made by your former Employer to you under the terms of the ‘ Terms of Settlement’ document, an employment termination payment for the purposes of section 82-130 of the Income Tax Assessment Act 1997 (ITAA 1997)? | A1: Yes. | Q2: Can you claim your medical expenses as a deduction under section 8-1 of the ITAA 1997? | A2: No. | Q3: Can you claim your medical expenses as an offset under the Net Medical Expense Tax Offset under subsection 159P(1) of the Income Tax Assessment Act 1936 (ITAA 1936)? | A3: No.




Subject: Employment Termination Payment: In order to protect the privacy and commercial in-confidence components of this private binding ruling the following summary is provided. | The ruling concerned the following and The Commissioner has ruled that: