Capital Gains Tax Determination

TD 15W

Income tax: capital gains: does roll-over relief apply if there is a capital loss following the loss, destruction of, or damage to, an asset acquired after 19 September 1985?

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FOI status:

Notice of Withdrawal

Taxation Determination TD 15 is withdrawn with effect from today.

The Income Tax Assessment Act 1997 makes it clear there are no rollover consequences if there is a capital loss in the circumstances outlined above (subsection 124-70(1), Note 1). There is no material change from the views that were expressed in TD 15.

Commissioner of Taxation
10 March 1999

References

ATO references:
NO NAT 98/12257-6

Subject References:
Roll-over
Capital loss
Involuntary disposal

Legislative References:
160ZZK(6)
160ZZL(1)(c)