Taxation Determination

TD 2005/20

Income tax: capital gains: what is the improvement threshold for the 2005-06 income year under section 108-85 of the Income Tax Assessment Act 1997?

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FOI status:

may be released


The number, subject heading, date of effect and paragraph 1 of this document are a 'public ruling' for the purposes of Part IVAAA of the Taxation Administration Act 1953 and are legally binding on the Commissioner.

1. For the 2005-06 income year, the improvement threshold is $109,447.

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 2005-06 financial year begins.

Date of effect

5. This Determination applies for the 2005-06 income year.

Commissioner of Taxation
25 May 2005

Not previously issued as a draft


ATO references:
NO 2004/6081

ISSN: 1038-8982

Related Rulings/Determinations:

TD 94/56
TD 95/23
TD 96/30
TD 97/12
TD 98/13
TD 1999/29
TD 2000/25
TD 2001/12
TD 2002/12
TD 2003/13
TD 2004/15

Subject References:
asset improvement
capital gains
improvement threshold

Legislative References:
ITAA 1997 108-70
ITAA 1997 108-75
ITAA 1997 108-85
ITAA 1997 108-85(2)
ITAA 1997 108-85(3)
ITAA 1997 Subdiv 960-M

TD 2005/20 history
  Date: Version: Change:
You are here 25 May 2005 Original ruling  
  18 May 2016 Withdrawn