Commentary

D7.564 Definition of acquisition expenses

Corporate tax
Corporate tax | Commentary

D7.564 Definition of acquisition expenses

Corporate tax | Commentary

D7.564 Definition of acquisition expenses

The rules in this division apply for accounting periods beginning before 1 January 2013. For accounting periods beginning on or after 1 January 2013 see Division D7.4.

Acquisition expenses are defined as the amounts included in Step 1 of ICTA 1988, s 76(7) that consist of the following:

  1.  

    (a)     all commissions, however described, except commissions referable to persons who collect premiums house to house;

  2.  

    (b)     any other expenses payable solely for the purpose of the acquisition of new business; and

  3.  

    (c)     the appropriate proportion of any other expenses payable partly for the acquisition of new

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