Draft Taxation Determination

TD 2004/D73W - Withdrawal

Income tax: consolidation: capital gains: which entity acquires a CGT asset, and when, if a contract to acquire the asset is entered into by a subsidiary member of a consolidated group and the contract settles after the subsidiary has left the group?

  • 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Taxation Determination TD 2004/D73 is withdrawn with effect from today.

1. TD 2004/D73 expresses the view that for CGT purposes, the subsidiary acquires the asset when the acquisition contract was entered into.

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/D73

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