Taxation Ruling
IT 2503PW
Income tax: incorporation of medical and other professional practices
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Please note that the PDF version is the authorised version of this withdrawal notice.
FOI status:
may be releasedNotice of Partial Withdrawal
Taxation Ruling IT 2503 is partially withdrawn with effect from today by omitting paragraph 2A.
1. IT 2503 deals with practice companies whose income flows directly or predominantly from the rendering of personal services by the professional practitioner.
2. Paragraph 2A refers to the alienation of personal services income test case program. This program has now ceased.
3. Accordingly, this paragraph is no longer current and is withdrawn.
Commissioner of Taxation
19 March 2014
© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA
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