Taxation Ruling

IT 98H - Notice of Archival

Investment allowance on bulk carrier ships-leveraged lease arrangement

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FOI status:

Notice of Archival

Taxation Ruling IT 98 is no longer current and has been archived.

The ruling is about the former investment allowance deduction available for certain ships. That deduction is limited to ships that were first used or installed ready for use before 1 January 1988.

Commissioner of Taxation
4 September 1996

References

ATO references:
NO NAT 96/8424-7

Related Rulings/Determinations:

IT 98
IT 98W