Private ruling: Income tax treatment for replacement of parts of depreciating assets
Published: June 2015
Ruling period: 2015 financial year | 2016 financial year | 2017 financial year | 2018 financial year
Date scheme commenced: 2014

Ruling: Q1: Is Company X entitled to deductions under section 25-10 of the Income tax Assessment Act 1997 for the amounts incurred by Company Y for conducting and completing the Works pursuant to the agreements? | A1: Yes | Q2: Is the amount received pursuant to the agreements included in the assessable income of Company X under section 6-5 of the Income Tax Assessment Act 1997 ? | A2: No | Q3: Is the amount received pursuant to the agreements included in the assessable income of Company X under section 15-10 of the Income Tax Assessment Act 1997 ? | A3: Yes | Q4: Is the amount received pursuant to the agreements included in the assessable income of Company X under Subdivision 20-A of the Income Tax Assessment Act 1997 ? | A4: No




The Commissioner has ruled on each of the questions.