Draft Taxation Determination

TD 2005/D27W - Withdrawal

Income tax: consolidation: capital gains: do the core consolidation rules in Division 701 of the Income Tax Assessment Act 1997 modify the effect of the CGT contract rules if an entity contracts to sell or buy a CGT asset and the contract settles after the entity becomes, or ceases to be, a member of a consolidated group?

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

FOI status:

draft only - for comment

Notice of Withdrawal

Draft Taxation Determination TD 2005/D27 is withdrawn with effect from today.

1. Draft Taxation Determination TD 2005/D27 considered whether the core consolidation rules in Division 701 of the Income Tax Assessment Act 1997 modify the effect of the CGT contract rules if an entity contracts to sell or buy a CGT asset and the contract settles after the entity becomes, or ceases to be, a member of a consolidated group.

2. The issue covered in this Determination is now dealt with in Draft Taxation Determination TD 2008/D9, which issued today. This allows TD 2008/D9 and Draft Taxation Determinations TD 2008/D10 and TD 2008/D11 - which also deal with issues related to straddle contracts - to be considered together as a package.

Commissioner of Taxation
25 June 2008

References

ATO references:
NO 2006/20258

ISSN: 1038-8982

Related Rulings/Determinations:

TD 2005/D27

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