Taxation Determination

TD 98/25W

Income tax: capital gains: is there a CGT event when an investor pays the final instalment under the Commonwealth Bank of Australia (CBA) and Telstra public share offers and the shares are transferred to the investor?

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FOI status:

Notice of Withdrawal

Taxation Determination TD 98/25 is withdrawn with effect from today.

1. TD 98/25 deals with the acquisition of shares in CBA and Telstra under public share offers made in the late 1990s. Specifically it addresses whether there was a CGT event on payment of the final instalment for the shares and the transfer of the shares from a security trustee to the investor.

2. TD 98/25 has no ongoing relevance and is therefore withdrawn without replacement.

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 issued in draft form

References

ATO references:
NO 1-9N72KXS

Subject References:
acquisition of shares
capital gains
capital gains tax
disposal of shares