Taxation Determination
TD 93/234A - Addendum
Income tax: is the value of the shares received as consideration for providing services for research and development activities assessable income in the hands of an independent contractor?
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FOI status:
may be released| The Australian Taxation Office is restructuring, renumbering and rewriting the income tax law in plain language. The Parliament is amending the income tax law progressively to reflect these aims. As new laws come into effect, Taxation Determinations about old laws are being brought into line with them. |
ADDENDUM
This Addendum amends Taxation Determination TD 93/234, in relation to the 1997-98 or a later year of income year, as follows:
- Omit 'subsection 25(1) of the Income Tax Assessment Act 1936'; substitute 'section 6-5 of the Income Tax Assessment Act 1997'.'
- Omit 'subsection 25(1)' in 5th line; substitute 'section 6-5'.
- Insert new paragraph 4:
- 'Section 6-5 of the Income Tax Assessment Act 1997, to which this Determination refers, expresses the same ideas as subsection 25(1) of the Income Tax Assessment Act 1936'.
3. At the Legislative References
- Omit 'ITAA 21'; substitute 'ITAA 1936 21'.
- Omit 'ITAA 73B'; substitute 'ITAA 1936 73B'.
- Insert 'ITAA 1997 6-5'.
Commissioner of Taxation
18 August 1999
References
ATO references:
NO NAT 99/10494-5
ISSN 1038 - 8982
Related Rulings/Determinations:
TD 93/234