Capital Gains Tax Determination

TD 6W

Capital Gains: Are separate improvements taken to be a single improvement for subsection 160P(6) purposes?

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FOI status:

Notice of Withdrawal

Are separate improvements taken to be a single improvement for section 160P(6) purposes?

Taxation Determination TD 6 is withdrawn with effect from today. It is replaced by Taxation Determination TD 95/58 'Income tax: capital gains: in determining whether the threshold and ratio tests in subsection 160P(6) of the Income Tax Assessment Act 1936 are met, in what circumstances is it appropriate to aggregate a number of enhancements made to an asset so as to constitute an "improvement" to the asset?'

Commissioner of Taxation
22 November 1995

This Determination has been replaced by TD 95/58.

References

ATO references:
NO NAT 95/4278-7

Related Rulings/Determinations:

TD 95/58

Subject References:
Composite assets
Separate improvements
Single improvements

Legislative References:
ITAA 160P(6)