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Taxation Ruling

IT 2333W - Notice of Withdrawal


Income tax : OECD traineeship scheme



Notice of Withdrawal

Taxation Ruling IT 2333 is withdrawn with effect from today.

1. IT 2333 deals with monthly living allowances paid to OECD financed trainees who participate in the traineeship scheme, which are accepted as a living-away-from-home allowance within the meaning of section 51A of the Income Tax Assessment Act 1936 (ITAA 1936) and are therefore deductible under section 51A of the ITAA 1936.

2. Section 51A of the ITAA 1936 was repealed by the Fringe Benefits Tax (Miscellaneous Provisions) Act 1986 (FBTAA 1986) with effect from the commencement of the 1986-87 income year, at which point a living-away-from-home allowance of the sort that could formerly give rise to a special deduction under section 51A became subject to the FBTAA 1986.

3. IT 2333 has no ongoing relevance, and is therefore withdrawn without replacement.

Commissioner of Taxation

19 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

ISSN: 2205-6122

Related Rulings/Determinations:
IT 2333

 


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