Income tax: capital gains: section 160A and subsections 160M(6) and 160M(7) of the Income Tax Assessment Act 1936 were amended by Taxation Laws Amendment Act (No 4) 1992 with effect from 25 June 1992. Will these amendments have an effect on the views expressed in Taxation Determinations TD 2 and TD 3 in respect of debt waivers?
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FOI status:may be releasedFOI number: I 1216744
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1. No. The views expressed in Taxation Determinations TD 2 and TD 3 will not be affected by these amendments.
Commissioner of Taxation
Previously issued as Draft TD 93/D261
NO M6/M7 PROJ (CGTDET86)
ISSN 1038 - 8982
Waiver of debt;
capital gains tax
|16 December 1993||Original ruling|
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