Taxation Ruling

IT 2659W - Notice of Withdrawal

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

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

FOI status:

May be releasedFOI number: I 1012924

Notice of Withdrawal

Taxation Ruling IT 2659 is withdrawn with effect from today.

1. IT 2659 is being withdrawn as its date of effect has ceased. The Ruling will continue to be legally binding on the Commissioner for the relevant period to which it relates.

Commissioner of Taxation
13 April 2016

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

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

References

ATO references:
NO 1-7VLP0F8

ISSN: 2205-6122

Date of effect:
Immediate

Related Rulings/Determinations:

IT 2174,
IT 2421,
IT 2580
IT 2659

Subject References:
trading stock
value of goods taken from stock for private use

Legislative References:
25
51(1)

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).