Taxation Determination

TD 98/15W

Income tax: capital gains: what are the capital gains consequences for an Australian resident individual shareholder who sells their original allocation of shares in AMP Limited?

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FOI status:

Notice of Withdrawal

Taxation Determination TD 98/15 is withdrawn with effect from today.

1. TD 98/15 examines the capital gains consequences arising from the sale of originally allocated shares in AMP Limited (AMP shares) by an Australian resident through the Facility, which was designed to assist shareholders who wish to sell their AMP shares.

2. As sales of AMP shares made through the Facility were finalised in the 1997 98 income year, TD 98/15 only applies to that income year.

3. Accordingly, TD 98/15 is no longer current and is therefore withdrawn.

Commissioner of Taxation
25 January 2017

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

Not previously released in draft form

References

ATO references:
NO 1-9N72KXS
BO BRI CG ATD 98/1

Subject References:
capital gains
capital gains tax
capital losses
CGT cost base
cost base
disposal of shares

Legislative References:
ITAA36 121AM
ITAA36 PtIIIA
ITAA97 Pt3-1
ITAA97 Pt3-3