Taxation Determination

TD 10W

Capital Gains: what are acceptable valuations for CGT purposes?

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Notice of Withdrawal

CGT Determination Number 10 is withdrawn with effect from today.

1. CGT Determination Number 10 (TD 10) explains that if the market value of an asset needs to be determined, taxpayers can choose to obtain a detailed valuation from a qualified valuer or compute their own valuation based on reasonably objective and supportable data.

2. Law Administration Practice Statement PS LA 2005/8 - Market Valuations now provides advice about market valuation guidelines.

3. Accordingly, TD 10 is withdrawn.

Commissioner of Taxation
3 November 2010

References

ATO references:
NO 1-20QNB3C

ISSN 1038-8982

Subject References:
Market value
Valuations

TD 10W history
  Date: Version: Change:
  10 September 1991 Original ruling  
You are here 3 November 2010 Withdrawn