Taxation Determination

TD 92/186W

Income tax: property development: can a construction contract which runs for less than twelve months be regarded as a long-term construction contract for the purposes of Taxation Ruling IT 2450?

• Please note that the PDF version is the authorised version of this withdrawal notice.
  TD 92/186 has been withdrawn as part of a project to review public rulings.
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Notice of Withdrawal

Taxation Determination TD 92/186 is withdrawn with effect from today.

1. TD 92/186 explains that a long-term construction contract, under Taxation Ruling IT 2450, is a contract that extends beyond one income year, even if the contract period is less than 12 months.

2. TD 92/186 is being withdrawn to form part of a consolidated ruling on the tax treatment of long-term construction contracts.

3. The issue covered by TD 92/186 is now covered in Taxation Ruling TR 2017/D8.

Commissioner of Taxation
18 October 2017

References

ATO references:
NO 1-BD70DD7

Related Rulings/Determinations:

IT 2450