Document ID: chunk:federal_register_of_legislation:F2023N00604:body:0
Version: federal_register_of_legislation:F2023N00604
Segment Type: other
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Character Range: 0–1319

Notice of Withdrawal of Rulings 12 December 2023

The Commissioner of Taxation, Chris Jordan, gives notice by notifiable instrument under subsection 358-20(1) of Schedule 1 to the Taxation Administration Act 1953 of the withdrawal of the following public ruling, a copy of which can be obtained from ato.gov.au/law

NOTICE OF WITHDRAWAL
Ruling number         Subject                                                                                                                                                                                                             Brief description
TD 95/60              Income tax: are fees paid for obtaining investment advice an allowable deduction under section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997) for taxpayers who are not carrying on an investment business?  TD 95/60 is withdrawn with effect from 13 December 2023.
                                                                                                                                                                                                                                          TD 95/60 is being replaced by draft Taxation Ruling TR 2023/D4 Income tax:  deductions for financial advice fees paid by individuals who are not carrying on a business which will issue on 13 December 2023.