Taxation Ruling

IT 340W - Withdrawal

Income tax: Accumulation of income by charitable funds

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

FOI status:

may be released

Notice of Withdrawal

Taxation Ruling IT 340 is withdrawn with effect from today.

1. Taxation Ruling IT 340 concerns a claim for exemption made under paragraph 23(j)(ii) of the Income Tax Assessment Act 1936 by the trustees of a fund established by will for charitable purposes.

2. Taxation Ruling IT 340 has been replaced by Taxation Ruling TR 2000/11 which deals with the endorsement of income tax exempt charities under the Income Tax Assessment Act 1997.

Commissioner of Taxation
4 June 2003

References

ATO references:
NO 2002/011971

Related Rulings/Determinations:

IT 340
TR 2000/11