Taxation Determination
TD 93/182A1 - Addendum
Income tax: capital gains: when will a building which is relocated to pre-CGT land be treated as a separate asset under subsection 160P(2)?
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This Addendum amends Taxation Determination TD 93/182 to reflect the rewritten capital gains tax provisions in Part 3-1 of the Income Tax Assessment Act 1997. |
Addendum
TD 93/182 is amended as follows:
Omit 'subsection 160P(2)'; substitute 'subsection 108-55(2) of the Income Tax Assessment Act 1997'.
Omit 'subsection 160P(2) of the Income Tax Assessment Act 1936'; substitute 'subsection 108-55(2) of the Income Tax Assessment Act 1997 (ITAA 1997)'.
(a) Omit 'subsection 160P(2)'; substitute 'subsection 108-55(2)'.
(b) Omit 'subsection 160P(6)'; substitute 'subsections 108-70(2) and (3)'.
Omit '1989'; substitute '1999'.
Omit '1992'; substitute '2002'.
Omit the subject references; substitute 'CGT assets; CGT composite assets; CGT separate assets; pre-CGT assets'.
Omit the legislative references; substitute 'ITAA 1997 108-55(2); ITAA 1997 108-70(2) and (3)'.
This Addendum applies from 14 September 2006, the date of effect of the repeal of the former capital gains tax provisions in Part IIIA of the Income Tax Assessment Act 1936 by Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006.
Commissioner of Taxation
21 April 2010
References
ATO references:
NO 2006/20258
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