Capital Gains Tax Determination

TD 32W

Income tax: capital gains: does section 160ZL apply to a bonus share issue out of a genuine share premium account?

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FOI status:

may be released

Notice of Withdrawal

Taxation Determination TD 32 is withdrawn with effect from today.

The Determination has been rewritten to update it with the rewritten income tax law in the 1997 Act and with recent Corporations Law changes.

The Determination has been replaced by Taxation Determination TD 2000/2, which issued today.

Commissioner of Taxation
19 January 2000

References

ATO references:
NO NAT 99/15852-2

Related Rulings/Determinations:

IT 2603

Subject References:
Bonus share issue
Share premium account

Legislative References:
160ZL
Div 8
8A