Taxation Determination TD 92/114







This Determination, to the extent that it is capable of being a 'public ruling' in terms of Part IVAAA of the Taxation Administration Act 1953, is a public ruling for the purposes of that Part. Taxation Ruling TR 92/1 explains when a Determination is a public ruling and how it is binding on the Commissioner. Unless otherwise stated, the Determination applies to transactions entered into both before and after its date of issue. | 1. Yes. Paragraph 78(1)(aaa) of the Income Tax Assessment Act 1936 allows deductions for contributions to registered political parties within the meaning of the Commonwealth Electoral Act 1918 . We consider that the word 'contributions' includes membership subscriptions paid to registered political parties. | 2. Deductibility of contributions is subject to the following provisos: | Commissioner of Taxation 09/07/92


Legislative references: ITAA 51(7A), ITAA 78(1)(aaa)
Subject references: subscriptions; political parties