Taxation Ruling

IT 60H - Notice of Archival

Assessable income - employees award scheme

• Please note that the PDF version is the authorised version of this ruling.

FOI status:

may be released

Notice of Archival

Taxation Ruling IT 60 is no longer current and has been archived.

The Ruling applied only for the purpose of applying paragraph 26(e) of the Income Tax Assessment Act 1936 to include in assessable income a non-cash benefit provided to an employee.

The Ruling does not apply to benefits of this kind provided to an employee on or after 1 July 1986. Subparagraph 26(e)(iv) now excludes fringe benefits from the assessable income of a taxpayer.

Commissioner of Taxation
9 September 1993

References

ATO references:
NO NEW TR 4

Related Rulings/Determinations:

IT 60

Legislative References:
ITAA 26(e)
ITAA 26(e)(iv)