Taxation Ruling IT 78A - Addendum - Investment Allowance: petroleum products pipeline



Ruling: 1. Title Omit 'Investment Allowance'; substitute 'Depreciation'. 2. Preamble Omit 'and also qualify as "eligible expenditure" for investment allowance purposes'. 3. Paragraph 2 Omit 'and qualify as eligible expenditure for purposes of calculating the investment allowance'. Commissioner of Taxation 20 August 1997




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 78