Taxation Ruling

IT 2071W - Notice of Withdrawal

Income tax: school building funds

• 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Taxation Ruling IT 2071 is withdrawn with effect from today.

1. Taxation Ruling IT 2071 considers circumstances where a payment made to a school building fund as an alternative to an increase in the level of school fees does not have the character of a tax deductible gift.

2. The arrangements dealt with in IT 2071 are now covered by TR 2005/13, which issued today.

Commissioner of Taxation
20 July 2005

References

ATO references:
NO 2003/11684

Related Rulings/Determinations:

IT 2071