Taxation Ruling

IT 334H - Notice of Archival

Abnormal income - artists amounts received from sale of paintings

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

FOI status:

may be released

NOTICE OF ARCHIVAL

Taxation Ruling IT 334 is no longer current and has been archived.

The ruling is about former Division 16A of Part III of the Income Tax Assessment Act 1936. That Division allowed authors, composers, artists and inventors to average their incomes. The Division was replaced in 1987.

Commissioner of Taxation
4 September 1996

References

ATO references:
NO NAT 96/4494-6

ISSN 0813-3662

Related Rulings/Determinations:

IT 334

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).