Draft Taxation Ruling TR 95/D15

TR 95/D15W - Notice of Withdrawal

Income tax: property development: valuing land held as trading stock at cost price

• Please note that the PDF version is the authorised version of this withdrawal notice.

FOI status:

May be released

Notice of Withdrawal

Draft Taxation Ruling TR 95/D15 is withdrawn with effect from today.

The decision by the Full Federal Court in FC of T v. Kurts Development Limited 98 ATC 4877; (1998) 39 ATR 493 addressed the major issues canvassed in the draft Ruling. Accordingly, the issue of the final Ruling is not considered necessary.

Commissioner of Taxation
8 September 1999

References

ATO references:
NO NAT 99/10494-5; 95/5407-6

Related Rulings/Determinations:

TR 95/D15