A T O home
Legal Database
Search   
for 
 
Access the database 
Browse database
Searches  
View last document
Quick access 
View legislation
View a document
PDF Email Cross Reference Material Previous/Next Section Contents Previous/Next Result
Printable version
Printable
version

Taxation Determination

TD 97/18W


Income tax: life assurance companies - apportionment of current year deductions between classes of assessable income

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


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Taxation Determination TD 97/18 is withdrawn with effect from today.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 TD 97/18 has no ongoing relevance and is therefore withdrawn without replacement.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

ISSN: 2205-6211

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

TD 97/18 history   Top  
   Date   Version   Change 
    9 July 1997   Original ruling   
 You are here ®   5 April 2017   Withdrawn   


 


Top of page
More information on page