Capital Gains Tax Determination

TD 24W

Capital gains: how is cash acquired after 19 September 1985 treated for section 160ZZT purposes?

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FOI status:

may be released

Notice of Withdrawal

CGT Determination TD 24 is withdrawn with effect from today.

It continues to apply to the happening of CGT event K6 before the withdrawal but does not apply to the happening of CGT event K6 after the withdrawal.

TD 24 deals with how cash (being money on hand) is treated for section 160ZZT of the Income Tax Assessment Act 1936 purposes. This issue is now addressed in draft Taxation Ruling TR 2004/D6 which issues today.

Commissioner of Taxation
23 June 2004

References

ATO references:
NO NAT 2003/11684

ISSN 1038 - 8982

Subject References:
Cash acquired;
Underlying property

Legislative References:
160ZZT

TD 24W history
  Date: Version: Change:
  31 October 1991 Original ruling  
You are here 23 June 2004 Withdrawn