Capital Gains Tax Determination

TD 29W

Capital gains: does section 160ZM apply only to cash distributions?

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FOI status:

Notice of Withdrawal

CGT Determination Number 29 is withdrawn with effect from today.

Paragraph 104-70(1)(b) of the Income Tax Assessment Act 1997 expresses the law clearly. It is considered that no further explanation is needed.

Commissioner of Taxation
9 June 1999

References

ATO references:
NO NAT 99/4295-5

Subject References:
Non cash payments

Legislative References:
160ZM