Capital Gains Tax Determination

TD 42W

Capital gains: will section 160ZZS apply where pre-CGT shares in a company are transferred to a spouse and the shares are eligible for roll-over relief under section 160ZZM?

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FOI status:

Notice of Withdrawal

CGT Determination Number 42 is withdrawn with effect from today.

Section 149-30 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:
Roll-overs
Marriage breakdown
Majority underlying interest

Legislative References:
160ZZM
160ZZS