Taxation Ruling
IT 359W - Notice of Withdrawal
Taxation treatment afforded to financed purchase of aircraft as it relates to depreciation, investment allowance and spare parts
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Please note that the PDF version is the authorised version of this withdrawal notice.
FOI status:
may be releasedNOTICE OF WITHDRAWAL
Taxation Ruling IT 359 is no longer current and is therefore withdrawn.
The Ruling refers to the former investment allowance deduction that was available for certain property acquired, or commenced to be constructed, after 31 December 1975 and before 1 July 1985.
Other matters covered by the Ruling are dealt with in Taxation Rulings IT 196 and IT 2236.
Commissioner of Taxation
29 April 1998