Taxation Determination

TD 2004/52W

Income tax: consolidation tax cost setting rules: why are adjustments made under steps 3 and 4 of the allocable cost amount calculation in respect of the profits and losses of a joining entity that have accrued to the joined group?

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FOI status:

Notice of Withdrawal

Taxation Determination TD 2004/52 is withdrawn with effect from 1 July 2002.

1. Taxation Determination TD 2004/52 provided guidance on the Commissioner's view on the application of paragraph 705-90(6)(b) of the Income Tax Assessment Act 1997, and explained why adjustments are made under steps 3 and 4 of the allocable cost amount calculation in respect of profits and losses of a joining entity that have accrued to the joined group.

2. TD 2004/52 is withdrawn as a result of the repeal of paragraph 705-90(6)(b) by Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005).

Commissioner of Taxation
30 August 2006

References

ATO references:
NO 2005/18404

Related Rulings/Determinations:

TD 2004/52