Taxation Ruling
IT 166W - Notice of Withdrawal
Interest on money borrowed to acquire an income producing asset
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Please note that the PDF version is the authorised version of this withdrawal notice.
FOI status:
may be releasedNOTICE OF WITHDRAWAL
Taxation Ruling IT 166 is withdrawn.
This Ruling is withdrawn following the decision in Steele v. FC of T 97 ATC 4729; Steel v. DC of T (1997) 35 ATR 285.
It is proposed to issue a new Ruling on the matters raised in the case and on associated matters.
Commissioner of Taxation
2 July 1997