Taxation Ruling

IT 2421H - Notice of Archival

Income tax: value of goods taken from stock for private use

  • Please note that the PDF version is the authorised version of this ruling.

FOI status:

may be released

NOTICE OF ARCHIVAL

Taxation Ruling IT 2421 is no longer current and has been archived.

The ruling sets out some of our earlier guidelines for valuing goods taken from trading stock by business owners for their private use. The guidelines in the ruling only apply for the 1987-88 and 1988-89 income tax years.

Commissioner of Taxation
19 June 1996

References

ATO references:
NO NAT 96/4494-6

ISSN 0813-3662

Related Rulings/Determinations:

IT 2421

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