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Taxation Ruling

IT 2111A - Addendum

Income tax: taxation incentives for the Australian film industry

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

Addendum

This Addendum amends Taxation Ruling No. IT 2111

The investor tax incentive in Division 10BA of Part III of the Income Tax Assessment Act 1936 is being phased out in favour of incentives for producers of films. The change was made as part of the Tax Laws Amendment (2007 Measures No. 5) Act 2007.

Taxation Ruling No. IT 2111 is amended as follows:

1. Preamble

Insert after Preamble:

Note: as part of the Tax Laws Amendment (2007 Measures No. 5) Act 2007, Division 10BA is being phased out as follows:

•
applications for certificates under Division 10BA will not be accepted after 25 September 2007;
•
a deduction under Division 10BA is not allowable in relation to the 2009-10 year of income or a later year of income.

2. Legislative references

Insert:

-
Tax Laws Amendment (2007 Measures No. 5) Act 2007

Commissioner of Taxation
25 June 2008

References

ATO references:
NO 2006/20258

ISSN 0813-3662

Related Rulings/Determinations:

IT 2111


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