Taxation Determination
TD 93/124
Income tax: what is the threshold for the goodwill exemption for the income year 1993-94 and what is its associated indexation factor?
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FOI status:
may be releasedFOI number: I 1215406| 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 threshold for the goodwill exemption for the income year 1993-94 is $2,018,000. This replaces the previous threshold of $2,000,000.
2. The indexation of the threshold for the goodwill exemption commences in the 1993-94 income year.
3. The indexation factor for the calculation of the goodwill exemption threshold is 1.009.
Commissioner of Taxation
24/6/93
References
ATO references:
NO NO 92/4587-1
Related Rulings/Determinations:
TD 1993/124W
Subject References:
indexation
Legislative References:
ITAA 160ZZRA
ITAA 160ZZR
| Date: | Version: | Change: | |
| You are here | 24 June 1993 | Original ruling | |
| 24 November 2004 | Withdrawn |