Taxation Ruling
IT 185W - Withdrawal
Income tax: section 26AAA - sale of rights or sale of shares allotted on taking up of rights
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Please note that the PDF version is the authorised version of this withdrawal notice.
FOI status:
may be releasedNOTICE OF WITHDRAWAL
Taxation Ruling IT 185 is withdrawn with effect from today.
1. Taxation Ruling IT 185 is archived. It applies only for the purposes of applying section 26AAA of the Income Tax Assessment Act 1936. These provisions are no longer operative. They were made inoperative by Taxation Laws Amendment Act (No. 3) 1988 (Act No. 95 of 1988).
2. IT 185 was the subject of a Notice of Archival on 9 December 1993.
3. IT 185 is now being withdrawn in accordance with paragraph 5 of Addendum No. 3 to Taxation Ruling IT 1 Taxation Ruling System: explanation and status, which states:
We will withdraw progressively all Rulings in the IT series for which we have issued Notices of Archival.
Commissioner of Taxation
24 May 2006