Income tax: can subsection 51(2A) of the Income Tax Assessment Act 1936 operate to deny a tax deduction, available to a motor vehicle dealer, for second schedule charges incurred when acquiring new vehicle trading stock?

Taxation Determination TD 94/94 explains the operation of subsection 51(2A) of the Income Tax Assessment Act 1936 (ITAA 1936) in relation to certain selling arrangements for new motor vehicles.

Subsection 51(2A) of the ITAA 1936 was repealed with effect from 14 September 2006. Its effect is now incorporated within section 70-15 of the Income Tax Assessment Act 1997 .

The Determination is withdrawn as it is no longer current.