Taxation Determination

TD 94/20W

Income tax: is a lease acceptable if it is based on a $1 residual value or if the lease is for the useful life of the asset?

• Please note that the PDF version is the authorised version of this withdrawal notice.
  This document has changed over time. View its history.

FOI status:

may be releasedFOI number: I 1217119

Notice of Withdrawal

Taxation Determination TD 94/20 is withdrawn with effect from 1 July 2001.

The position adopted by the Commissioner in this Determination is under review having regard to the commencement of the new Division 40 of the Income Tax Assessment Act 1997 on 1 July 2001.

Commissioner of Taxation
29 June 2001

Previously issued as Draft TD 93/D157.

References

ATO references:
NO NAT 93/195-1

Related Rulings/Determinations:

TD 93/142
IT 28
IT 2594

Subject References:
leasing
residual values

Legislative References:
ITAA 51(1)
ITAA 54
ITAA 54A

Case References:
F.C. of T. v. Ballarat & Western Victoria T.V. Ltd
78 ATC 4630
9 ATR 274