Taxation Ruling
IT 334H - Notice of Archival
Abnormal income - artists amounts received from sale of paintings
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Please note that the PDF version is the authorised version of this ruling.
FOI status:
may be releasedNOTICE OF ARCHIVAL
Taxation Ruling IT 334 is no longer current and has been archived.
The ruling is about former Division 16A of Part III of the Income Tax Assessment Act 1936. That Division allowed authors, composers, artists and inventors to average their incomes. The Division was replaced in 1987.
Commissioner of Taxation
4 September 1996