Taxation Ruling
IT 2147W - Notice of Withdrawal
Income tax: personal guarantees backed by life insurance contracts
-
Please note that the PDF version is the authorised version of this withdrawal notice.
FOI status:
may be releasedNOTICE OF WITHDRAWAL
Taxation Ruling IT 2147 now has very limited application and is withdrawn.
The Ruling is about the deductibility of premiums for life insurance products which are now rarely used.
The Ruling also makes reference to section 159R which was repealed in 1985.
Commissioner of Taxation
8 October 1997