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Taxation Ruling

IT 2163W - Notice of Withdrawal


Income tax: purchase and sale of import quota



Notice of Withdrawal

Taxation Ruling IT 2163 is withdrawn with effect from today.

1. IT 2163 explains the effect of the Federal Court decision in Federal Commissioner of Taxation v. Merv Brown Pty Ltd (1985) 7 FCR 1; (1985) 16 ATR 218; (1985) 85 ATC 4080 on Taxation Ruling IT 2002, which deals with the purchase and sale of import quota.

2. IT 2002 has been withdrawn as the quota system for the importation of finished textiles has been abolished.

3. IT 2163 therefore has no ongoing relevance and is withdrawn without replacement.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

Related Rulings/Determinations:
IT 2163

 


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