Taxation Determination
TD 92/110W
Income tax: is the cost of attending a fundraising function tax deductible as a gift?
may be released
Notice of Withdrawal
Taxation Determination TD 92/110 is withdrawn with effect from today.
1. Taxation Determination TD 92/110 explains that the cost of attending a fundraising function is not tax deductible as a gift if a material benefit is received in return for the payment.
2. The arrangements dealt with in TD 92/110 are now covered by TR 2005/13, which issued today.
Commissioner of Taxation
20 July 2005