Taxation Ruling

IT 166W - Notice of Withdrawal

Interest on money borrowed to acquire an income producing asset

  • 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Taxation Ruling IT 166 is withdrawn.

This Ruling is withdrawn following the decision in Steele v. FC of T 97 ATC 4729; Steel v. DC of T (1997) 35 ATR 285.

It is proposed to issue a new Ruling on the matters raised in the case and on associated matters.

Commissioner of Taxation
2 July 1997

References

ATO references:
NO NAT 97/1896-6

ISSN 0813 - 3662

Related Rulings/Determinations:

IT 166

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