Income tax: capital gains tax consequences of consideration comprising a lump sum plus a right to a contingent and unascertainable amount
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FOI status:may be released
Notice of Withdrawal
- the capital gains tax consequences for the seller;
- the capital gains tax consequences for the buyer; and
- the particular capital gains tax consequences of the transaction of the sale of an asset acquired before 20 September 1985.
3. The matters considered in TR 93/15 - and additional matters - are now dealt with in Draft Taxation Ruling TR 2007/D10, which applies on and from 17 October 2007. TR 2007/D10 now sets out the Commissioner's current, although preliminary, view about the way in which the relevant taxation laws apply.
Commissioner of Taxation
17 October 2007
Previously released in draft form as EDR 83