Taxation Determination

TD 92/140W

Income tax: in Division 16D of Part III of the Income Tax Assessment Act 1936 , what does effective life mean in applying the tests of a qualifying arrangement to items of second hand property?

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Notice of Withdrawal

Taxation Determination TD 92/140 is withdrawn with effect from today.

1. TD 92/140 deals with the application of Division 16D of Part III of the Income Tax Assessment Act 1936 (ITAA 1936) to certain finance lease arrangements involving the use of second hand property by tax exempt entities.

2. Division 16D of Part III of the ITAA 1936 has been effectively replaced by Division 250 of the Income Tax Assessment Act 1997.

3. TD 92/140 has no ongoing relevance and is therefore withdrawn without replacement.

Commissioner of Taxation
12 April 2017

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References

ATO references:
NO 1-9N72KXS