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Taxation Ruling IT 2071 is withdrawn with effect from today.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