Taxation Ruling

IT 2147W - Notice of Withdrawal

Income tax: personal guarantees backed by life insurance contracts

  • 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Taxation Ruling IT 2147 now has very limited application and is withdrawn.

The Ruling is about the deductibility of premiums for life insurance products which are now rarely used.

The Ruling also makes reference to section 159R which was repealed in 1985.

Commissioner of Taxation
8 October 1997

References

ATO references:
NO NAT 97/7725-3

ISSN 0813-3662

Related Rulings/Determinations:

IT 2147

Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).