Taxation Determination
TD 92/142W
Income tax: what is the opening value of a unit of property, for the purposes of calculating depreciation, if the unit was previously used for purposes other than producing assessable income?
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FOI status:
may be releasedFOI number: I 1213126Notice of Withdrawal
Taxation Determination TD 92/142 is no longer necessary and, therefore, is withdrawn.
The Determination explains how to calculate, under the Income Tax Assessment Act 1936, the opening value of a unit of property for the purposes of calculating depreciation if the unit was previously used for purposes other than producing assessable income. The principles outlined in this Determination have now been specifically enacted in Subdivision 42-E of the Income Tax Assessment Act 1997.
Commissioner of Taxation
4 October 2000
References
ATO references:
NO ADVC 1318(MEL)
Subject References:
depreciation
opening value
notional depreciated value
Legislative References:
ITAA 54;
ITAA 61
Case References:
FC of T v Anderson
(1956) 11 ATD 115
6 ATR 324
Date: | Version: | Change: | |
20 August 1992 | Original ruling | ||
You are here | 4 October 2000 | Withdrawn |