Private ruling: Temporary full expensing
Date of advice: 1 November 2023
Published: 11 December 2023

Ruling: Q1: Is Entity X entitled to apply the temporary full expensing (TFE) measures under subsection 40-160(3) of the Income Tax (Transitional Provisions) Act 1997 (IT(TP)A 1997) and deduct in full the tax cost amount in respect of depreciating assets for the year ended 30 June 2021? | A1: Yes.




Subject: Temporary full expensing: The Commissioner was asked the following question about temporary full expensing and the Commissioner has ruled on the question.