CGT Determination Number 14
TD 14
Capital Gains: Will payments made under Accident & Health Assurance policies be exempt from CGT?
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Please note that the PDF version is the authorised version of this ruling.This ruling contains references to repealed provisions, some of which may have been rewritten. The ruling still has effect. Paragraph 32 in TR 2006/10 provides further guidance on the status and binding effect of public rulings where the law has been repealed or repealed and rewritten. The legislative references at the end of the ruling indicate the repealed provisions and, where applicable, the rewritten provisions.This document has changed over time. View its history.
FOI status:
may be releasedFOI number: I 1019041Payments made to the holders of such policies in respect of personal injuries to themselves are regarded as "compensation" and will not give rise to either capital gains or losses (subsection 160ZB(1)).
2. This treatment will also apply to payments made to a trustee for a taxpayer who has been injured.
Commissioner of Taxation
10 September 1991
References
ATO references:
NO N.O. 12.86/9579-2
Subject References:
Exemption;
Accident & Health Assurance policies;
Compensation payments
Legislative References:
160ZB(1)
Date: | Version: | Change: | |
10 September 1991 | Original ruling | ||
You are here | 29 November 2006 | Original ruling + note | Repeal provision note |