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31 Mar 11 Withdrawal of IT 81 (trading stock: hire and rental business)

On 30 March 2011, the ATO withdrew Taxation Ruling IT 81 with effect from the same day.

Notice of Withdrawal IT 81W states that the provisions to which Taxation Ruling IT 81 refers were repealed by the Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006.


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