Taxation Determination TD 2014/16
Date of effect: 25 June 2014





Appendix: 3. For the 2014-15 income year, the improvement threshold is $140,443. 4. The improvement threshold is determined for the purposes of section 108-70 of the Income Tax Assessment Act 1997 (ITAA 1997) (about when a capital improvement to a pre-CGT asset is a separate asset). It is also determined for the purposes of section 108-75 of the ITAA 1997 (about capital improvements to CGT assets for which a rollover may be available). 5. The improvement threshold is indexed annually - see subsection 108-85(2) of the ITAA 1997. 6. Subdivision 960-M of the ITAA 1997 (about indexation) provides guidance on how to index the improvement threshold amount and how to calculate the indexation factor - see sections 960-270 and 960-275 of the ITAA 1997. 7. This Taxation Determination must be published before the start of the 2014-15 financial year as required by subsection 108-85(3) of the ITAA 1997. Not previously issued as a draft


A public ruling is an expression of the Commissioner's opinion about the way in which a relevant provision applies, or would apply, to entities generally or to a class of entities in relation to a particular scheme or a class of schemes. | If you rely on this ruling, the Commissioner must apply the law to you in the way set out in the ruling (unless the Commissioner is satisfied that the ruling is incorrect and disadvantages you, in which case the law may be applied to you in a way that is more favourable for you - provided the Commissioner is not prevented from doing so by a time limit imposed by the law). You will be protected from having to pay any underpaid tax, penalty or interest in respect of the matters covered by this ruling if it turns out that it does not correctly state how the relevant provision applies to you. | Ruling: 1. For the 2014-15 income year, the improvement threshold is $140,443. | Date of effect: 2. This Taxation Determination applies for the 2014-15 income year. | Commissioner of Taxation 25 June 2014


Related rulings: TD 94/56 TD 95/23 TD 96/30 TD 97/12 TD 98/13 TD 1999/29 TD 2000/25 TD 2001/12 TD 2002/12 TD 2003/13 TD 2004/15 TD 2005/20 TD 2006/41 TD 2007/19 TD 2008/13 TD 2009/12 TD 2010/16 TD 2011/13 TD 2012/14 TD 2013/19
Legislative references: TAA 1953 ITAA 1997 108-70 ITAA 1997 108-75 ITAA 1997 108-85 ITAA 1997 108-85(2) ITAA 1997 108-85(3) ITAA 1997 Subdiv 960-M ITAA 1997 960-270 ITAA 1997 960-275
Subject references: capital gains tax CGT asset indexation improvement threshold separate CGT asset