Taxation Determination

TD 94/93W

Income tax: are second schedule charges incurred by a motor vehicle dealer, upon the acquisition from the manufacturer/ importer of a new vehicle, components of cost price for the purposes of calculating the value of that vehicle in terms of subsection 31(1) of the Income Tax Assessment Act 1936?

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Notice of Withdrawal

Taxation Determination TD 94/93 is withdrawn with effect from today.

1. Taxation Determination TD 94/93 provides the Commissioner's view on whether certain components of the cost of new motor vehicles acquired by dealers are included in the vehicles' cost price at the end of a year of income for trading stock purposes under the Income Tax Assessment Act 1936.

2. The provisions referred to in TD 94/93 are no longer operative and have been repealed. The substantive issues dealt with in this ruling are now covered by Taxation Rulings TR 2006/8 and TR 2009/5.

3. TD 94/93 is withdrawn as it is no longer current.

Commissioner of Taxation
24 August 2011

References

ATO references:
NO 1-22S9QX5