Taxation Ruling IT 2254A - Addendum - Income tax: instalment purchase and depreciation on non-residential buildings



Ruling: 2. Paragraph 2: Omit 'qualifying expenditure'; substitute 'relevant cpaital expenditure'. | 4. Paragraphs 6, 7 and 8: Omit 'Division 10D (whenever occurring); substitute 'Division 43'. | 6. After paragraph 8: Insert: Commissioner of Taxation 4 March 1998




The Tax Law Improvement Project is restructuring, renumbering and rewriting the income tax law in plain language. The Parliament is amending the income tax law progressively to reflect these aims. As new laws come into effect, Taxation Rulings about old laws are being brought into line with them.


Related rulings: IT 2254
Legislative references: ITAA 1997 Division 43 ITAA 1997 section 43-10 ITAA 1997 section 43-115