Tax Determination

TD 50ER - Erratum

Capital Gains: Where post-CGT land has been held for more than 12 months, is indexation available in relation to the cost of a house built for investment purposes on the land and sold within 12 months of construction?

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Erratum

This Erratum corrects the withdrawal notice to Taxation Determination TD 50W, which issued on 12 May 2010, to correct the title of the determination.

TD 50W is corrected as follows:

1. Title

Omit:

Income tax: capital gains: where post-CGT land has been held for more than 12 months, is indexation available in relation to the cost of a house built for investment purposes on the land and sold within 12 months of construction?

Substitute:

Capital gains: where post-CGT land has been held for more than 12 months, is indexation available in relation to the cost of a house built for investment purposes on the land and sold within 12 months of construction?

This Erratum applies on and from 12 May 2010.

Commissioner of Taxation
16 February 2011

References

ATO references:
NO 1-2MFFU0V