Taxation Determination
TD 97/18W
Income tax: life assurance companies - apportionment of current year deductions between classes of assessable income
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Notice of Withdrawal
Taxation Determination TD 97/18 is withdrawn with effect from today.
1. TD 97/18 deals with the allocation under section 116CF of the Income Tax Assessment Act 1936 (ITAA 1936) of expenses allowable as deductions under either section 111AC or section 111AD of the ITAA 1936, incurred by life assurance companies in obtaining superannuation premiums and the investment component of other life assurance policy premiums.
2. TD 97/18 deals with the former life insurance company provisions in Division 8 of Part III of the ITAA 1936. There are new provisions relating to life insurance contained in Division 320 of the Income Tax Assessment Act 1997.
3. TD 97/18 has no ongoing relevance and is therefore withdrawn without replacement.
Commissioner of Taxation
5 April 2017
© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA
You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
References
ATO references:
NO 1-9N72KXS
Subject References:
classes of assessable income
commission expenses
current year deductions
life assurance companies
Legislative References:
ITAA Division 8 Part III;
ITAA 110(1);
ITAA 111(1);
ITAA 111(1A);
ITAA 111AC;
ITAA 111AD;
ITAA 116CE(4)(d);
ITAA 116CF;
ITAA 116CF(1);
ITAA 116CF(2);
ITAA 170
Date: | Version: | Change: | |
9 July 1997 | Original ruling | ||
You are here | 5 April 2017 | Withdrawn |
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).