Taxation Determination

TD 98/2W

Income tax: capital gains: what are the taxation consequences for an individual resident shareholder who accepted the share buy-back offer made by the Commonwealth Bank of Australia (CBA) on 1 December 1997?

• Please note that the PDF version is the authorised version of this withdrawal notice.
  This document incorporates revisions made since original publication. View its history and amending notices, if applicable.

FOI status:

Notice of Withdrawal

Taxation Determination TD 98/2 is withdrawn with effect from today.

1. TD 98/2 examines the taxation implications which arise where an Australian resident individual accepts the share buy back offer made by the CBA on 1 December 1997.

2. As the share buy back offer was finalised in the 1997 98 income year, TD 98/2 only applies to that income year.

3. Accordingly, TD 98/2 is no longer current and is therefore withdrawn.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).

References

ATO references:
NO 1-9N72KXS

Subject References:
assets
CGT asset
capital gains
capital gains tax
capital losses
disposal of shares
dividend income
dividend rebates
franked dividends
franking rebates
imputation system
individual shareholder dividend rebates
share buy backs
shareholders
shares