Taxation Ruling

IT 2497W - Notice of Withdrawal

Income tax: substituted accounting periods: large investment or property (unit) trusts

  • 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Taxation Ruling IT 2497 is withdrawn with effect from today.

1. Taxation Ruling IT 2497 discusses the treatment to be given to applications by large investment or property trusts, which may have many thousands of investors/beneficiaries generally referred to as unit holders, for leave under subsection 18(1) of the Income Tax Assessment Act 1936 to adopt accounting periods ending on some date other than 30 June each year.

2. This Ruling is withdrawn and replaced by PS LA 2007/21 with effect from 29 August 2007.

Commissioner of Taxation
29 August 2007

References

ATO references:
NO 2006/20258

ISSN 0813-3662

Related Rulings/Determinations:

IT 2497

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