Taxation Determination

TD 92/110W

Income tax: is the cost of attending a fundraising function tax deductible as a gift?

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FOI status:

may be released

Notice of Withdrawal

Taxation Determination TD 92/110 is withdrawn with effect from today.

1. Taxation Determination TD 92/110 explains that the cost of attending a fundraising function is not tax deductible as a gift if a material benefit is received in return for the payment.

2. The arrangements dealt with in TD 92/110 are now covered by TR 2005/13, which issued today.

Commissioner of Taxation
20 July 2005

References

ATO references:
NO 2003/11684

Related Rulings/Determinations:

IT 2071,
2443

Subject References:
fundraising functions;
gifts

Legislative References:
ITAA 78

Case References:
FCT v McPhail
(1968) 117 CLR 111