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Taxation rulings and practice statements

Last updated 15 February 2022

Taxation rulings

IT 2624 Income tax: company self assessment; elections and other notifications; additional (penalty) tax; false or misleading statement

TR 92/18 Income tax: bad debts

TR 93/23 Income tax: valuation of trading stock subject to obsolescence or other special circumstances

TR 96/7 Income tax: record keeping – section 262A – general principles

TR 97/23 Income tax: deductions for repairs

TR 97/25 – Income tax: property development: deduction for capital expenditure on construction of income producing capital works, including buildings and structural improvements

TR 98/7 Income tax: whether packaging items (ie, containers, labels, etc) held by a manufacturer, wholesaler or retailer are trading stock

TR 98/8 Income tax: whether materials and spare parts held by a taxpayer supplying services are trading stock

TR 1999/9 Income tax: the operation of sections 165-13 and 165-210, paragraph 165-35(b), section 165-126 and section 165-132

TR 2002/10 Income tax: capital gains tax: asset register

TR 2003/14 Income tax: life insurance companies: the actuarial determination of fees and charges

TR 2005/4 Income tax: capital allowances – project pools – core issues

TR 2006/3 Income tax: government payments to industry to assist entities (including individuals) to continue, commence or cease business

TR 2018/2 Income tax: record keeping and access- electronic records

TR 2019/5 Income tax: effective life of depreciating assets (applicable from 1 July 2019)

TR 2019/1 Income tax: when does a company carry on a business?

LCR 2019/1 The business continuity test - carrying on a similar business

For consolidated or MEC groups

TR 2004/9 Income tax: consolidation: what is meant by ‘injection of capital’ in section 707-325 of the ITAA 1997?

TR 2007/2 Income tax: application of the same business test to consolidated and MEC groups – principally, the interaction between section 165-210 and section 701-1 of the ITAA 1997 (As at 20 June 2007)

Law administration practice statements

PS LA 2003/8 Practical approaches to low-cost business expenses

PS LA 2005/2 Penalty for failure to keep or retain records

See also:

QC64886