Draft Taxation Determination

TD 93/D115W - Withdrawal

Income tax: property development: where net profit is included in assessable income under subsection 25(1) of the Income Tax Assessment Act 1936 -

(a)

what costs are taken into account in calculating the net profit; and

(b)

how and when are they taken into account?

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

FOI status:

may be released

Notice of Withdrawal

Draft Taxation Determination TD 93/D115 is withdrawn with effect from today.

The position taken in relation to (a) requires reconsideration in light of the comments received following the release of the draft determination. In relation to (b), another draft will be issued to address this matter.

Commissioner of Taxation
25 September 1996

References

ATO references:
NO NAT 95/9719-1

Related Rulings/Determinations:

TD 93/D115