Private ruling: Application of section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997)
Published: January 2013

Ruling: What this ruling is about: | In order to protect the privacy and commercial in-confidence components of this private binding ruling the following summary is provided. | The taxpayer entered into an agreement. | The Commissioner ruled that: | Deductions will not be available to the taxpayer under section 8-1 of the ITAA 1997 for certain loss or outgoings incurred by the taxpayer; | Part IVA of the Income Tax Assessment Act 1936 is not applicable to the arrangement as no part of the outgoing is deductible.




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