Taxation Determination
TD 10W
Capital Gains: what are acceptable valuations for CGT purposes?
-
Please note that the PDF version is the authorised version of this withdrawal notice.This document incorporates revisions made since original publication. View its history and amending notices, if applicable.
Notice of Withdrawal
CGT Determination Number 10 is withdrawn with effect from today.
1. CGT Determination Number 10 (TD 10) explains that if the market value of an asset needs to be determined, taxpayers can choose to obtain a detailed valuation from a qualified valuer or compute their own valuation based on reasonably objective and supportable data.
2. Law Administration Practice Statement PS LA 2005/8 - Market Valuations now provides advice about market valuation guidelines.
3. Accordingly, TD 10 is withdrawn.
Commissioner of Taxation
3 November 2010
References
ATO references:
NO 1-20QNB3C
Subject References:
Market value
Valuations
Date: | Version: | Change: | |
10 September 1991 | Original ruling | ||
You are here | 3 November 2010 | Withdrawn |
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).