IS 14/03
Issued
09 Jun 2014

Income tax - Consumable aids

This Interpretation Statement replaces items in Public Information Bulletin No 51 and Tax Information Bulletin Vol 7 No 4 on the income tax treatment of consumable aids. It outlines what they are, when the costs are deductible and when expenditure needs to be added back as income. It also discusses the requirements of Determination E12 as they relate to consumable aid expenditure.