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Taxation Determination

TD 92/142W


Income tax: what is the opening value of a unit of property, for the purposes of calculating depreciation, if the unit was previously used for purposes other than producing assessable income?

Attention This document has changed over time. View its history.

FOI status: may be released

Notice of Withdrawal

Taxation Determination TD 92/142 is no longer necessary and, therefore, is withdrawn.

The Determination explains how to calculate, under the Income Tax Assessment Act 1936 , the opening value of a unit of property for the purposes of calculating depreciation if the unit was previously used for purposes other than producing assessable income. The principles outlined in this Determination have now been specifically enacted in Subdivision 42-E of the Income Tax Assessment Act 1997.

Commissioner of Taxation

4 October 2000

References

ATO references:
NO  ADVC 1318(MEL)

ISSN 1038 - 3158

Subject References:
depreciation
opening value
notional depreciated value

Legislative References:
ITAA 54;
ITAA 61

Case References:
FC of T v. Anderson
(1956) 11 ATD 115
6 ATR 324

TD 92/142 history   Top  
   Date   Version   Change 
   20 August 1992   Original ruling   
 You are here ®   4 October 2000   Withdrawn   


 


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