Taxation Ruling

TR 93/8W

Income tax: foreign exchange gains and losses of a capital nature - realisation of gains and losses and the meaning of 'eligible contract' in Division 3B

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FOI status:

NOTICE OF WITHDRAWAL

Taxation Ruling TR 93/8: Income tax: foreign exchange gains and losses of a capital nature- realisation of gains and losses and the meaning of 'eligible contract' in Division 3B, has been withdrawn.

The Ruling is withdrawn in consequence of the decision of the High Court of Australia in FC of T v. Energy Resources of Australia Limited (unreported, 20 June 1996). The case necessitates a review of matters addressed by the Ruling.

Commissioner of Taxation
3 July 1996

References

ATO references:
NO NAT 95/9709-3 NAT 96/5126-8