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Taxation Determination

TD 92/193W


Income tax: is the interest component of Household Support repayments, under the States and Northern Territory Grants (Rural Adjustment) Act 1988 , an allowable deduction under subsection 51(1) of the Income Tax Assessment Act 1936 (ITAA)?

Attention This document has changed over time. View its history.


Notice of Withdrawal

Taxation Determination TD 92/193 is withdrawn with effect from today.

1. TD 92/193 relates to the interest component of Household Support repayments, under the States and Northern Territory Grants (Rural Adjustment) Act 1988. TD 92/193 explains that the interest component of the repayments draws its character from the use of the payment. Interest on payments of a private or domestic nature is not deductible under subsection 51(1) of the ITAA.

2. The States and Northern Territory Grants (Rural Adjustment) Act 1988 was repealed with effect from 22 March 2011 by the Statute Law Revision Act 2011.

3. TD 92/193 has no ongoing relevance and is therefore withdrawn without replacement.

Commissioner of Taxation

12 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 2205-6211

TD 92/193 history   Top  
   Date   Version   Change 
   26 November 1992   Original ruling   
 You are here ®  12 April 2017   Withdrawn   


 


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