Taxation Determination 95/27PW

TD 95/27PW - Notice of Partial Withdrawal

Income tax: does the interest paid by a taxpayer on a loan to purchase a motor vehicle used for income-producing purposes (but not in carrying on a business) continue to be an allowable deduction under subsection 51(1) of the Income Tax Assessment Act 1936 after disposal of the vehicle?

Please note that the PDF version is the authorised version of this ruling.
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FOI status:

May be released

Notice of Withdrawal

Paragraph 3 of Taxation Determination TD 95/27 is withdrawn with effect today.

Paragraph 4 of Taxation Determination TD 95/27 is withdrawn with effect today.

Example ( c ) of Taxation Determination TD 95/27 is withdrawn with effect today.

Commissioner of Taxation
29 June 2001

References

ATO references:
NO T2001/13746

ISSN 1038 - 8982

Related Rulings/Determinations:

TD 95/27

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