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?
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Please note that the PDF version is the authorised version of this withdrawal notice.TD 94/39 has been withdrawn as part of a project to review public rulings.This document has changed over time. View its history.
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Taxation Determination TD 94/39 is withdrawn with effect from today.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 TD 94/39 is being withdrawn to form part of a consolidated ruling on the tax treatment of long-term construction contracts.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
Date: | Version: | Change: | |
5 May 1994 | Original ruling | ||
You are here | 18 October 2017 | Withdrawn |