Private ruling: Deductibility of payment
Date of advice: 5 September 2024
Published: 14 October 2024

Ruling: Q1: Is the taxpayer entitled to claim a deduction under section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997) in respect of the payment it made under the agreement? | A1: No.




Summary: The Commissioner has issued a private ruling in relation to the deductibility of a payment which considered certain income tax provisions of the ITAA 1997 and the ITAA 1936.