Taxation Determination
TD 92/186W
Income tax: property development: can a construction contract which runs for less than twelve months be regarded as a long-term construction contract for the purposes of Taxation Ruling IT 2450?
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Please note that the PDF version is the authorised version of this withdrawal notice.TD 92/186 has been withdrawn as part of a project to review public rulings.This document has changed over time. View its history.
Notice of Withdrawal
Taxation Determination TD 92/186 is withdrawn with effect from today.
1. TD 92/186 explains that a long-term construction contract, under Taxation Ruling IT 2450, is a contract that extends beyond one income year, even if the contract period is less than 12 months.
2. TD 92/186 is being withdrawn to form part of a consolidated ruling on the tax treatment of long-term construction contracts.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 92/186 is now covered in Taxation Ruling TR 2017/D8.
Commissioner of Taxation
18 October 2017
References
ATO references:
NO 1-BD70DD7
Related Rulings/Determinations:
IT 2450
Date: | Version: | Change: | |
12 November 1992 | Original ruling | ||
You are here | 18 October 2017 | Withdrawn |