Taxation Ruling

IT 2539W - Notice of Withdrawal

Income tax: capital gains provisions: antiques

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

FOI status:

may be released

NOTICE OF WITHDRAWAL

1. Taxation Ruling IT 2539 is withdrawn with effect from today. It is replaced by Taxation Determination TD 1999/40.

2. There is no change in the views expressed in IT 2539 about antiques. However, TD 1999/40 reflects the change in the law that listed personal-use assets and non-listed personal use assets, as described in section 160B of the ITAA 1936, are now two mutually exclusive categories: 'collectables' (Subdivision 108-B of the ITAA 1997) and 'personal use assets' (Subdivision 108-C).

Commissioner of Taxation
4 August 1999

References

ATO references:
NO NAT 99/10494-5

ISSN 0813 - 3662

Related Rulings/Determinations:

IT 2539

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