Taxation Determination

TD 2008/23ER - Erratum

Income tax: are the active assets of a partnership, in which a foreign company is a partner, active foreign business assets of the foreign company for the purposes of the capital gains tax participation exemption provisions contained in Subdivision 768-G of the Income Tax Assessment Act 1997?

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Erratum

This Erratum corrects Taxation Determination TD 2008/23 to correct the omission of the word 'hybrid' from the term 'foreign hybrid limited'.

TD 2008/23 is corrected as follows:

1. Paragraph 3

Omit 'foreign limited'; substitute 'foreign hybrid limited'.

2. Paragraph 6

Omit 'foreign limited'; substitute 'foreign hybrid limited'.

This Erratum applies on and from 13 August 2008.

Commissioner of Taxation
10 September 2008

References

ATO references:
NO 2006/20258