Taxation Determination

TD 98/16W

Income tax: capital gains: what are the capital gains consequences for an Australian resident individual shareholder who transfers their original allocation of shares in AMP Limited to a related party?

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FOI status:

may be releasedFOI number: I 1015718

Notice of Withdrawal

Taxation Determination TD 98/16 is withdrawn with effect from today.

1. TD 98/16 examines the capital gains consequences arising from the transfer of originally allocated shares in AMP Limited (AMP shares) from an Australian resident to a related party.

2. TD 98/16 only applies to disposals of AMP shares to a related party occurring before 15 June 1998.

3. Accordingly, TD 98/16 is no longer current and is therefore withdrawn.

Commissioner of Taxation
25 January 2017

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

Not previously released in draft form

References

ATO references:
NO 1-9N72KXS
BO BRI CG ATD 98/1

Subject References:
capital gains
capital gains tax
capital losses
CGT cost base
cost base
disposal of shares

Legislative References:
ITAA36 PtIIIA
ITAA97 Pt3-1
ITAA97 Pt3-3