CGT Determination Number 9
Capital Gains: How do you apportion consideration received on the disposal of a composite asset?
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FOI status:may be releasedFOI number: I 1018979
3. It is not mandatory that taxpayers obtain an independent valuation for the purposes of apportioning the consideration received on disposal. Each taxpayer should take whatever steps are appropriate to determine the valuation of the particular asset. Taxpayers who choose to do their own apportionments will, of course, need to be in a position to justify the estimates that they make.
Commissioner of Taxation
10 September 1991
NO N.O. 86/7539-2
Disposal of composite asset;
Apportionment of consideration