Draft Taxation Determination

TD 2000/D14W - Withdrawal

Income tax: capital gains: in working out the 'net value' of a company or trust for the purposes of subsection 104-230(2) of the Income Tax Assessment Act 1997, does the word 'assets' in the definition of 'net value', for an entity, in subsection 995-1(1) include:
(a) assets, capital gains and capital losses from which are disregarded for capital gains purposes;
(b) trading stock; and
(c) 'off-balance sheet' assets,
and does the word 'liabilities' include contingent liabilities?

  • Please note that the PDF version is the authorised version of this draft ruling.

FOI status:

may be released

Notice of Withdrawal

Draft Taxation Determination TD 2000/D14 is withdrawn with effect from today.

TD 2000/D14 deals with the meaning of the words assets and liabilities in the definition of section 995-1(1) of the Income Tax Assessment Act 1997. This issue is now dealt with by draft Taxation Ruling TR 2004/D6 which issues today.

Commissioner of Taxation
23 June 2004


ATO references:
NO 2003/11684

ISSN: 1038-8982

Related Rulings/Determinations:

TD 2000/D14