Income tax: capital gains: if a taxpayer owns pre-CGT land and trees and after 19 September 1985 the taxpayer cuts the trees, are there any CGT consequences arising from the subsequent sale of the timber by the taxpayer?
Please note that the PDF version is the authorised version of this ruling.TD 93/79 has been withdrawn as part of a project to review public rulings.This document has changed over time. View its history.
Notice of Withdrawal
3. The issue covered by TD 93/79 is now covered in Taxation Determination TD 2018/15 Income tax: capital gains: does CGT event D1 happen if a taxpayer grants an easement, profit à prendre or licence over an asset?
Commissioner of Taxation
31 October 2018
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