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16 Jun 14 Income tax regulations amended - ADF service; closure of Australian Valuation Office

The Income Tax Regulations 1936 have been amended to include service with the Australian Defence Force’s Operation Slipper in Afghanistan as “eligible duty” for the purposes of s 23AD of the Income Tax Assessment Act 1936 and exempt from income tax. From 1 July 2014 to 31 December 2014, eligible duty includes duty with Operation Slipper in Afghanistan, including within the land territory, internal waters, airspace, and superjacent airspace of Afghanistan.

Consequential amendments to the Income Tax Assessment Regulations 1997 have been made to address any issues that might otherwise arise from the closure of the Australian Valuation Office on 30 June 2014. These amendments are intended to ensure that the rules for obtaining valuations of property to be donated to deductible gift recipients continue to operate smoothly.

These amendments were made by the Tax Laws Amendment (2014 Measures No 1) Regulation 2014 (legislative instrument F2014L00712; registered 13 June 2014).

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