Private ruling: Capital expenditure deductibility for environmental protection activities.
Date of advice: 10 December 2015
Published: February 2016
Ruling period: All income years between xx July 20xx and 20xx
Date scheme commenced: xx 20xx

Ruling: Q1: The ruling concerned whether expenditure incurred by the Trust was for the sole or dominant purpose of carrying on environmental protection activities and deductible under section 40-755 of the Income Tax Assessment Act 1997 (ITAA 1997)? | A1: The Commissioner ruled that the expenditure was deductible under section 40-755 of the ITAA 1997. | Q2: The ruling concerned whether expenditure incurred by the Trust was a project amount for the purposes of subsection 40-840(2) of the ITAA 1997? | A2: The Commissioner ruled that the expenditure was a project amount for the purposes of subsection 40-840(2) of the ITAA 1997. | Q3: The ruling concerned, if the answer to Question 1 is No, is the expenditure incurred by the Trust a project amount for the purposes of subsection 40-840(2) of the ITAA 1997? | A3: Not necessary for the Commissioner to rule | Q4: The ruling concerned whether expenditure incurred by the Trust for preventing, fighting or remedying pollution under paragraph 40-755(2)(a) of the ITAA 1997, was deductible under section 40-775 of the ITAA 1997? | A4: The Commissioner ruled that the expenditure for preventing, fighting or remedying pollution under paragraph 40-755(2)(a) of the ITAA 1997, was deductible under section 40-775 of the ITAA 1997. | Q5: The ruling concerned whether expenditure incurred by the Trust for treating, cleaning up, removing or storing waste under paragraph 40-755(2)(b) of the ITAA 1997, was deductible under section 40-775 of the ITAA 1997? | A5: The Commissioner ruled that the expenditure for treating, cleaning up, removing or storing waste under paragraph 40-755(2)(b) of the ITAA 1997, was deductible under section 40-775 of the ITAA 1997. | Q6: The ruling concerned whether to the extent that expenditure is not deductible under section 40-755 of the ITAA 1997, is the expenditure a project amount incurred by the Trust for the purposes of subsection 40-840(2) of the ITAA 1997? | A6: The Commissioner ruled that the expenditure was a project amount for the purposes of subsection 40-840(2) of the ITAA 1997. | Q7: The ruling concerned whether expenditure incurred by the Trust is a project amount for the purposes of subsection 40-840(2) of the ITAA 1997? | A7: The Commissioner ruled that the expenditure was a project amount for the purposes of subsection 40-840(2) of the ITAA 1997. | Q8: The ruling concerned whether expenditure incurred by the Trust is a project amount for the purposes of subsection 40-840(2) of the ITAA 1997? | A8: The Commissioner ruled that the expenditure was a project amount for the purposes of subsection 40-840(2) of the ITAA 1997. | Q9: The ruling concerned if the project life for the purposes of section 40-845 of the ITAA 1997 is the period from when the development becomes operational until the end of operation? | A9: The Commissioner ruled that the project life for the purposes of section 40-845 of the ITAA 1997 is from when the project becomes operational until it ends.




Subject: Capital expenditure deductibility for environmental protection activities.: The Trust incurred expenditure as part of a development project.