Taxation Ruling

IT 237A - Addendum

Primary production - expenditure on eradication of noxious weeds

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FOI status:

NOTICE OF ADDENDUM

Taxation Ruling IT 237 is amended by the following;

1. Paragraph 4 of the Ruling now becomes paragraph 6.

2. Insert new paragraph 4 as follows:

'4. From 1 October 1980 expenditure of a capital nature will be fully deductible in the year incurred, pursuant to paragraph 75D(1B)(b) of the Income Tax Assessment Act 1936 (the Act), where a business of primary production is carried on the land where the eradication of noxious weeds has been undertaken.'

3. Insert new paragraph 5 as follows:

'5. From 22 August 1990 expenditure of a capital nature will be fully deductible in the year incurred, pursuant to paragraph 75D(1B)(b) of the Act, where the expenditure is incurred on rural land for the purposes of producing assessable income.'

Commissioner of Taxation
1/9/94

References

BO PNR T90 Pt5/237

Related Rulings/Determinations:

IT 237
IT 237W