Capital Gains Tax Determination

TD 52W

Capital gains: Does the principal residence exemption exempt monies received from a forfeited deposit?

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FOI status:

may be released

Notice of Withdrawal

Taxation Determination TD 52 is withdrawn with effect from today.

The views expressed in the Determination are in conflict with the Full Federal Court decision in FC of T v. Guy 96 ATC 4520; (1996) 32 ATR 590.

Commissioner of Taxation
12 February 1997

References

ATO references:
NO NAT 97/184-7

Subject References:
Principal residence exemption;
forfeited deposit

Legislative References:
160ZZC(12)