Taxation Ruling
IT 2561W - Notice of Withdrawal
Income tax: capital gains: grants of easements, profits à prendre and licences
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Please note that the PDF version is the authorised version of this withdrawal notice.IT 2561 has been withdrawn as part of a project to review public rulings.
Notice of Withdrawal
Taxation Ruling IT 2561 is withdrawn with effect from today.
1. IT 2561 explains that the grant of an easement, profit à prendre or licence (or other comparable right) is an asset created at the time it is granted.
2. IT 2561 is being withdrawn to form part of a consolidated Determination on the tax treatment of the grant of an easement, profit à prendre or licence over an asset.
3. The issue covered by IT 2561 is now covered in Taxation Determination TD 2018/15 Income tax: capital gains: does CGT event D1 happen if a taxpayer grants an easement, profit à prendre or licence over an asset?
Commissioner of Taxation
31 October 2018
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