Taxation Determination
TD 94/57
Income tax: capital gains: for the 1994-95 income year, (a) what is the indexation factor for section 160ZZR (exemption of part of gain attributable to goodwill) of the Income Tax Assessment Act 1936 and; (b) what is the associated exemption threshold?
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FOI status:
may be releasedFOI number: I 1217570| 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. For the 1994-95 income year:
- (a)
- the indexation factor for the goodwill part exemption is 1.019 ; and
- (b)
- the associated exemption threshold is $2 056 342 .
2. This Determination is the written notice for the 1994-95 income year that subsection 160ZZRAA(7) requires the Commissioner of Taxation to publish before the relevant income year begins.
Commissioner of Taxation
16/6/94
References
ATO references:
NO NAT 94/3384-8
ISSN 1038 - 8982
Related Rulings/Determinations:
TD 93/124
Subject References:
goodwill
indexation
Legislative References:
ITAA 160ZZR
160ZZRAA(7)
| Date: | Version: | Change: | |
| You are here | 16 June 1994 | Original ruling | |
| 24 November 2004 | Withdrawn |