Taxation Ruling

IT 87W - Notice of Withdrawal

Meaning of 'consideration receivable' in section 59

  • Please note that the PDF version is the authorised version of this withdrawal notice.

FOI status:

may be released

Notice of Withdrawal

Taxation Ruling IT 87 is no longer current and is therefore withdrawn.

The rewritten law arising from the Tax Law Improvement Project uses the term 'termination value' rather than 'consideration receivable'. The new law encapsulates the policy outlined in the Ruling, which is therefore no longer necessary.

Commissioner of Taxation
11 February 1998

References

ATO references:
NO NAT 98/561-9

ISSN 0813 - 3662

Related Rulings/Determinations:

IT 87

Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).