Taxation Ruling

IT 2016W - Notice of Withdrawal

Subscriptions to Taxpayers' Associations by investors and self-employed professional persons without employees

• Please note that the PDF version is the authorised version of this withdrawal notice.

FOI status:

may be released

NOTICE OF WITHDRAWAL

Taxation Ruling IT 2016 is no longer current and is therefore withdrawn.

This Ruling issued to advise of a change in Australian Taxation Office policy that enabled self-employed taxpayers and investors to claim a deduction for subscriptions paid to the Taxpayers' Association under subsection 51(1) or subsection 73(2) of the Income Tax Assessment Act 1936. Subsection 73(2) has not been included in the Income Tax Assessment Act 1997.

This Ruling also advises that 'the cost of income tax appeals and advice relating to objections are not allowable as income tax deductions'. Changes to section 69 of the Income Tax Assessment Act 1936 resulted in such deductions becoming allowable as of 1 July 1989.

Commissioner of Taxation
15/10/97

References

ATO references:
NO NAT 97/77725-3

Related Rulings/Determinations:

IT 2016

Legislative References:
51(1)
69
73(2)