Taxation Determination

TD 96/44W

Income tax: capital gains: when does a member dispose of shares in a company, for the purposes of Part IIIA of the Income Tax Assessment Act 1936 (ITAA), if the company is dissolved under the Corporations Law (C Law)?

• Please note that the PDF version is the authorised version of this withdrawal notice.
  This Determination has been replaced by TD 2000/7.
  This document has changed over time. View its history.

FOI status:

Notice of Withdrawal

Taxation Determination TD 96/44 is withdrawn with effect from today.

The Determination has been rewritten to update it with the rewritten income tax law in the 1997 Act and with recent Corporations Law changes.

The Determination has been replaced by Taxation Determination TD 2000/7, which issued today.

Commissioner of Taxation
19 January 2000

Previously issued as Draft TD 96/ D11

References

ATO references:
NO NAT 96/7141-2; COTD9616(UMG); CGDET125

Subject References:
company
deregistration
disposal
dissolution
liquidation
member
shares
valueless shares
winding up
worthless shares

Legislative References:
ITAA Part IIIA
ITAA 160WA
CL 481(5)
CL 481(6)
CL 509(5)
CL 509(6)
CL 571
CL 574(1)
CL 574(2)
CL 574(3)