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Taxation Ruling

IT 2513W - Notice of Withdrawal


Income tax : margin lending



Notice of Withdrawal

Taxation Ruling IT 2513 is withdrawn with effect from today.

1. IT 2513 considers the income tax implications of payments received or receivable by a lender under a tax avoidance financing arrangement, commonly referred to as a 'margin lending' arrangement. It deals with the application of former sections 46 and 46D of the Income Tax Assessment 1936 on 'margin lending' arrangements.

2. Both sections have been repealed as of 14 September 2006 and 2001 respectively.

3. IT 2513 is therefore no longer relevant, and is withdrawn without replacement.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 2513

 


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