Taxation Ruling

TR 95/3PW - Partial Withdrawal

Income tax: capital gains: application of subsections 160M(6) and 160M(7) to restrictive covenants and trade ties

FOI status:

may be released

Notice of Withdrawal

Paragraphs 7 to 12 and 42 to 56 only of Taxation Ruling TR 95/3 are withdrawn with effect from today.

The paragraphs are withdrawn to the extent that they are inconsistent with paragraphs 31 to 35 (dealing with capital gains and goodwill of a business) of Taxation Ruling TR 1999/16, which are more favourable to taxpayers.

Commissioner of Taxation
24 November 1999


ATO references:
NO NAT 99/15852-2

ISSN 0813 - 3662