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Taxation Determination

TD 94/39W


Income tax: property development: can costs incurred and income derived under the terms of a long-term construction contract be returned on a completed contract basis?

Attention TD 94/39 has been withdrawn as part of a project to review public rulings.
Attention This document has changed over time. View its history.


Notice of Withdrawal

Taxation Determination TD 94/39 is withdrawn with effect from today.

1. TD 94/39 sets out that the Commissioner does not accept the completed contract basis for bringing to account, for tax purposes, the costs incurred and income derived under a long-term construction contract.

2. TD 94/39 is being withdrawn to form part of a consolidated ruling on the tax treatment of long-term construction contracts.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 94/39 is now covered in Taxation Ruling TR 2017/D8.

Commissioner of Taxation

18 October 2017



References

ATO references:
NO  1-BD70DD7

ISSN 2205-6211

Related Rulings/Determinations:
TD 92/186
IT 2450

Legislative references:
ITAA 25(1)

Case references:
H.W. Coyle Limited v. C of IR (NZ)
80 ATC 6012
(1980) 11 ATR 122

TD 94/39 history   Top  
   Date   Version   Change 
    5 May 1994   Original ruling   
 You are here ®  18 October 2017   Withdrawn   


 


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