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29 Jun 11 Deduction for decline in value of copyright in patient records – addendum to TD 2005/1

On 29 June 2011 the ATO released an addendum to Taxation Determination TD 2005/1, which deals with the amount of deduction available under s 40-25 of the ITAA 1997 for the decline in the value of copyright in patient records in respect of arrangements similar to those described in Taxpayer Alert TA 2004/5: TD 2005/1A1.

The addendum amends TD 2005/1 to take into account the decision of the Federal Court in Primary Health Care Limited v FCT [2010] FCA 419; 186 FCR 301; 2010 ATC 20-181; 76 ATR 749.