Taxation Ruling
IT 232W - Withdrawal
Compulsory destruction of livestock
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Please note that the PDF version is the authorised version of this withdrawal notice.
Notice of Withdrawal
Taxation Ruling IT 232 is withdrawn with effect from today.
1. Taxation Ruling IT 232 considers the application of sections 36AAA and 36AA of the Income Tax Assessment Act 1936 (ITAA 1936) in circumstances where a primary producer, in complying with an order to de-stock as part of a programme for the eradication of certain diseases, sells livestock to an abattoir or meatworks for destruction.
2. Sections 36AAA and 36AA of the ITAA 1936 were replaced by provisions introduced by the Tax Law Improvement Act 1997 and was repealed as an inoperative provision by the Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006.
3. The issue considered in IT 232 is now addressed by subsection 385-100(1) of the Income tax Assessment Act 1997.
4. As IT 232 is no longer current it is withdrawn.
Commissioner of Taxation
17 August 2011