Taxation Ruling

IT 2276A - Addendum

Income tax: Assessability of profits on sales of investments of general insurance companies

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FOI status:

NOTICE OF ADDENDUM

The Tax Law Improvement Project is restructuring, renumbering and rewriting the income tax law in plain language. The Parliament is amending the income tax law progressively to reflect these aims. As new laws come into effect, Taxation Rulings about old laws are being brought into line with them.

This Addendum amends Taxation Ruling IT 2276, in relation to the 1997-98 or a later income year, as follows:

1. REF

Omit '[subsection] 25(1)'; substitute '[section] 6-5 of the Income Tax Assessment Act 1997 (formerly subsection 25(1) of the Income Tax Assessment Act 1936)'.

Commissioner of Taxation
28 April 1999

References

ATO references:
NO NAT 99/4295-5; 84/3230-9

Related Rulings/Determinations:

IT 2276