Draft Taxation Determination

TD 2004/D72W - Withdrawal

Income tax: consolidation: capital gains: to which entity does a CGT event happen, and when, if a contract to sell a CGT asset entered into by an entity before it joins a consolidated group as a subsidiary member settles after joining?

  • Please note that the PDF version is the authorised version of this withdrawal notice.

FOI status:

may be released

Notice of Withdrawal

Taxation Determination TD 2004/D72 is withdrawn with effect from today.

1. TD 2004/D72 expresses the view that CGT event A1 happens to the subsidiary at the time it entered into the contract.

2. The issue covered in this Determination is now dealt with in Taxation Determination TD 2005/D27, which issued today.

3. Accordingly, this Determination is no longer necessary.

Commissioner of Taxation
17 August 2005

References

ATO references:
NO 2003/11684

Related Rulings/Determinations:

TD 2004/D72

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