Capital Gains Determination

TD 22W

Capital gains: how are section 80G or section 160ZP loss transfers treated for CGT purposes?

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FOI status:

may be released

Notice of Withdrawal

CGT Determination Number 22 is withdrawn with effect from today.

This Determination considers the Australian Taxation Office's view before the Income Tax Assessment Act 1936 was amended by the Taxation Laws Amendment Act (No 4) 1992 which applies from 25 June 1992. Taxation Determination TD 93/120 considers the Australian Taxation Office's view from 25 June 1992. The law relating to the CGT treatment of subvention payments has since been amended. The amendments apply to the 1996/97 and later income years. This Determination and Taxation Determination TD 93/120 consider the CGT treatment for subvention payments prior to these amendments. It is considered that this Taxation Determination is no longer necessary.

Commissioner of Taxation
9 June 1999

References

ATO references:
NO NAT 99/4295-5

Related Rulings/Determinations:

IT2465

Subject References:
Losses
Transfers

Legislative References:
ITAA 80G
ITAA 160ZP
ITAA 160M(6)
ITAA 160M(7)