Taxation Determination

TD 2003/28A1 - Addendum

Income tax: capital gains: does CGT event E4 in section 104-70 of the Income Tax Assessment Act 1997 happen if the trustee of a discretionary trust makes a non-assessable payment to:

(a)

a mere object; or

(b)

a default beneficiary?

• Please note that the PDF version is the authorised version of this ruling.
  View the consolidated version for this notice.

Addendum

This Addendum amends Taxation Determination TD 2003/28 so that references are to the current capital gains tax provisions in Parts 3-1 and 3-3 of the Income Tax Assessment Act 1997.

This addendum applies from 14 September 2006, the date of effect of the repeal of the former capital gains tax provisions in Part IIIA of the Income Tax Assessment Act 1936, by Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006.

TD 2003/28 is amended as follows:

1. Paragraph 6

Omit the paragraph.

2. Legislative references

Omit:

ITAA 1936 160ZM

This Addendum applies on and after 14 September 2006.

Commissioner of Taxation
30 April 2008

References

ATO references:
NO 2006/20258