Taxation Determination

TD 93/176W

Income tax: is the amount received from the sale of vendor shares by a bona-fide prospector, who received the shares as consideration for the sale of mining tenements, exempt in terms of sub paragraph 23(pa) or subsection 160L(7) of the Income Tax Assessment Act 1936?

• Please note that the PDF version is the authorised version of this withdrawal notice.
  This Determination has been replaced by TD 2000/4
  This document incorporates revisions made since original publication. View its history and amending notices, if applicable.

FOI status:

Notice of Withdrawal

Taxation Determination TD 93/176 is withdrawn with effect from today.

The Determination has been rewritten to update it with the rewritten income tax law in the 1997 Act and with recent Corporations Law changes.

The Determination has been replaced by Taxation Determination TD 2000/4, which issued today.

Commissioner of Taxation
19 January 2000

Previously issued as Draft TD 93/D142

References

ATO references:
NO CNN J32/1/6 PART1

Related Rulings/Determinations:

TR 92/19

Subject References:
Mining
Exempt income
Disposal of mining right

Legislative References:
ITAA 23(pa)
ITAA 160L(7)