Taxation Ruling

IT 53

Investment allowance - rotary dairies

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FOI status:

may be releasedFOI number: I 1100564

Preamble

Consideration was given to the eligibility of rotary dairies for the investment allowance.

Ruling

It was considered that the rotary herringbone milking platform should be regarded as within the scope of the investment allowance with the building (including foundations and concrete flooring) in which the platform is installed being excluded in accordance with the provisions of section 82AE as a structural improvement.

Commissioner of Taxation
29 May 1978

References

ATO references:
NO 78/3301 F11

Date original memo issued:
29.05.78

Subject References:
rotary dairies
investment allowance
structural improvement

Legislative References:
ITAA 82AA
ITAA 82AE

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