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Draft Taxation Determination

TD 92/D172

Income tax: does the term 'money' in section 218 of the Income Tax Assessment Act 1936 include foreign currency?

  • Please note that the PDF version is the authorised version of this draft ruling.
    This document has been Withdrawn.
    View the Withdrawal notice for this document.

FOI status:

draft only - for comment

Preamble

Draft Taxation Determinations (TDs) represent the preliminary, though considered, views of the ATO. Draft TDs may not be relied on; only final TDs are authoritative statements of the ATO.

Yes. The term 'money' is not defined for the purposes of section 218, but we consider that it does include foreign currency.

Commissioner of Taxation
15/10/92

This Draft Determination has been withdrawn by TD 92/D172W.

References

ATO references:
NO SSO-TD04

ISSN: 1038-3158

Subject References:
foreign exchange
money

Legislative References:
ITAA 218


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