Taxation Determination

TD 93/123

Income tax: what is the cost price limit for asset improvement for the purposes of subsection 160P(6) for the income year 1993-94 and what is the associated indexation factor?

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FOI status:

may be releasedFOI number: I 1215398

This Determination, to the extent that it is capable of being a 'public ruling' in terms of Part IVAAA of the Taxation Administration Act 1953 , is a public ruling for the purposes of that Part. Taxation Ruling TR 92/1 explains when a Determination is a public ruling and how it is binding on the Commissioner. Unless otherwise stated, this Determination applies to years commencing both before and after its date of issue. However, this Determination does not apply to taxpayers to the extent that it conflicts with the terms of a settlement of a dispute agreed to before the date of issue of the Determination (see paragraphs 21 and 22 of Taxation Ruling TR 92/20).

1. The cost price limit for asset improvement for the purposes of subsection 160P(6) is $80,756 for the income year 1993-94.

2. This replaces the 1992-93 income year figure of $80,036.

3. The associated indexation factor for the calculation of the cost base limit for capital gains tax is 1.009.

4. This replaces the 1992-93 income year figure of 1.024.

Commissioner of Taxation
24/6/93

References

ATO references:
NO NO 92/4587-1

ISSN 1038 - 8982

Subject References:
indexation

Legislative References:
ITAA 160P(6),
160Q(3)

TD 93/123 history
  Date: Version: Change:
You are here 24 June 1993 Original ruling  
  29 November 2006 Original ruling + note Repeal provision note
  20 April 2016 Withdrawn