Taxation Determination

TD 1999/29

Income tax: capital gains: what is the improvement threshold for the 1999-2000 income year under section 108-85 of the Income Tax Assessment Act 1997?

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FOI status:

may be releasedFOI number: I 1019808

The number, subject heading, date of effect and paragraphs 1 to 4 of this Taxation Determination are a 'public ruling' for the purposes of Part IVAAA of the Taxation Administration Act 1953 and are legally binding on the Commissioner. Taxation Rulings TR 92/1 and TR 97/16 together explain when a Determination is a public ruling and how it is binding on the Commissioner.
Date of Effect
This Determination applies for the 1999-2000 income year.

1. For the 1999-2000 income year, the improvement threshold is $91,072.

2. The improvement threshold is determined for the purposes of section 108-70 (about when a capital improvement to a pre-CGT asset is a separate asset) and section 108-75 (about capital improvements to CGT assets for which a roll-over may be available).

3. The improvement threshold is required by subsection 108-85(2) to be indexed annually in accordance with Subdivision 960-M.

4. This Determination is published, as subsection 108-85(3) requires, before the 1999-2000 financial year begins.

Commissioner of Taxation
9 June 1999

Not previously released in draft form


ATO references:
NO NAT 94/3384-8; NAT 95/4025-3

ISSN 1038 - 8982

Related Rulings/Determinations:

TD 94/56
TD 95/23
TD 96/30
TD 97/12
TD 98/13

Subject References:
asset improvement
capital gains
improvement threshold

Legislative References:
ITAA97 108-D
ITAA97 108-70
ITAA97 108-75
ITAA97 108-85
ITAA97 108-85(2)
ITAA97 108-85(3)
ITAA97 960-M
ITAA97 960-270
ITAA97 960-275
ITAA97 960-280

TD 1999/29 history
  Date: Version: Change:
You are here 9 June 1999 Original ruling  
  4 May 2016 Withdrawn