Draft Taxation Determination
Income tax: capital gains: can property or a right that does not have a 'market value' be a CGT asset?
Please note that the PDF version is the authorised version of this draft ruling.This document has been finalised by TD 2000/33.
FOI status:Not previously released in draft form
|Draft Taxation Determinations (DTDs) present the preliminary, though considered, views of the Australian Taxation Office. DTDs should not be relied on; only final Taxation Determinations represent authoritative statements by the Australian Taxation Office.|
3. A right in respect of know-how, such as a contractual right to require the disclosure or non-disclosure of know how, is a CGT asset under subsection 108-5(1) of the Income Tax Assessment Act 1997. Similarly, a licence to use know-how is a CGT asset.
5. We invite you to comment on this Draft Taxation Determination. We are allowing 4 weeks for comments before we finalise the Determination. If you want your comments considered, please provide them to us within this period.
|Comments by Date:||10 September 1999|
|Contact officer details have been removed following publication of the final ruling.|
Commissioner of Taxation
11 August 1999