Taxation Determination

TD 94/39W

Income tax: property development: can costs incurred and income derived under the terms of a long-term construction contract be returned on a completed contract basis?

• Please note that the PDF version is the authorised version of this withdrawal notice.
  TD 94/39 has been withdrawn as part of a project to review public rulings.
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Notice of Withdrawal

Taxation Determination TD 94/39 is withdrawn with effect from today.

1. TD 94/39 sets out that the Commissioner does not accept the completed contract basis for bringing to account, for tax purposes, the costs incurred and income derived under a long-term construction contract.

2. TD 94/39 is being withdrawn to form part of a consolidated ruling on the tax treatment of long-term construction contracts.

3. The issue covered by TD 94/39 is now covered in Taxation Ruling TR 2017/D8.

Commissioner of Taxation
18 October 2017

References

ATO references:
NO 1-BD70DD7

Related Rulings/Determinations:

TD 92/186
IT 2450

Legislative References:
ITAA 25(1)

Case References:
H.W. Coyle Limited v. C of IR (NZ)
80 ATC 6012
(1980) 11 ATR 122