Taxation Determination

TD 2000/25

Income tax: capital gains: what is the improvement threshold for the 2000-2001 income year under section 108-85 of the Income Tax Assessment Act 1997?

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FOI status:

may be releasedFOI number: I 1021015

The number, subject heading, date of effect and paragraphs 1 to 3 of this Taxation Determination are a 'public ruling' for the purposes of Part IVAAA of the Taxation Administration Act 1953 and are legally binding on the Commissioner. The remainder of the Determination is administratively binding on the Commissioner. Taxation Rulings TR 92/1 and TR 97/16 together explain how a Determination is legally or administratively binding.
Date of effect
This Determination applies from its date of issue.

1. For the 2000-2001 income year, the improvement threshold is $92,802.

2. The improvement threshold is determined for the purposes of section 108-70 (about when a capital improvement to a pre-CGT asset is a separate asset) and section 108-75 (about capital improvements to CGT assets for which a roll-over may be available).

3. The improvement threshold is required by subsection 108-85(2) to be indexed annually in accordance with Subdivision 960-M.

4. This Determination is published, as subsection 108-85(3) requires, before the 2000-2001 financial year begins.

Commissioner of Taxation
14 June 2000

Not previously issued in draft form


ATO references:
NO NAT 94/3384-8; NAT 95/4025-3

ISSN: 1038-8982

Related Rulings/Determinations:

TD 94/56
TD 95/23
TD 96/30
TD 97/12
TD 98/13
TD 1999/29

Subject References:
asset improvement
capital gains
improvement threshold

Legislative References:
ITAA 1997 108-D
ITAA 1997 108-70
ITAA 1997 108-75
ITAA 1997 108-85
ITAA 1997 108-85(2)
ITAA 1997 108-85(3)
ITAA 1997 960-M
ITAA 1997 960-270
ITAA 1997 960-275
ITAA 1997 960-280

TD 2000/25 history
  Date: Version: Change:
You are here 14 June 2000 Original ruling  
  4 May 2016 Withdrawn