Taxation Ruling

IT 2429H - Notice of Archival

Income tax: advance payment of grant or subsid

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

FOI status:

may be released

NOTICE OF ARCHIVAL

Taxation Ruling IT 2429 is no longer current and has been archived.

This Ruling is about grants paid to taxpayers as reimbursements for Research and Development (R&D) expenditure by the Australian Industrial Research and Development Board. That Board has not been replaced by the Industry Research and Development Board which was established under the Industry Research and Development Act 1986 . Incentives to industry for R & D are administered under sections 73B to 73G of the Income Tax Assessment Act 1936 .

Commissioner of Taxation
6 November 1996

References

ATO references:
NO CNN J36/354/1

Related Rulings/Determinations:

IT 2429
IT 2429W