07 Aug 08
3 IT Rulings on R&D withdrawn
On 6 August 2008, the ATO withdrew the following 3 Income Tax Rulings with effect from the same day:
- IT 2442W - Notice of Withdrawal Income tax: Concession for eligible research and development expenditure
- IT 2451W - Notice of Withdrawal Income tax: Investor funding of research and development activities
- IT 2552W - Notice of Withdrawal Income tax: Research and development (R&D) - costing of expenditure
The Notice of Withdrawal for each Ruling states that as a result of legislative changes some of the guidance contained in the ruling is no longer current. Material in the Ruling which is current is now included in Part C of the Guide to the R&D Tax Concession available here
. The withdrawal of the Ruling does not mean that the views expressed in that Ruling have changed.