Taxation Ruling

Tr 94/14PW - Notice of Partial Withdrawal

Income tax: traditional securities

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FOI status:

may be released

Notice of Partial Withdrawal

Taxation Ruling TR 96/14 is partially withdrawn with effect from today.

1. Taxation Ruling TR 96/14, which was released on 15 May 1996, considers a number of interpretative matters in relation to section 26BB and section 70B of the Income Tax Assessment Act 1936. These sections deal with traditional securities.

2. Draft Taxation Ruling TR 2007/D7 Income tax: application of Part IVA of the Income Tax Assessment Act 1936 to 'wash sale' arrangements, which is released today, covers issues considered in the second sentence of subparagraph 4(viii) and paragraph 96 of TR 96/14.

3. Accordingly, the second sentence of subparagraph 4(viii) and paragraph 96 of Taxation Ruling TR 96/14 are withdrawn.

Commissioner of Taxation
11 July 2007

References

ATO references:
NO 2006/20258