Taxation Determination TD 2000/39







The number, subject heading, date of effect and paragraph 1 of this Taxation Determination are a 'public ruling' for the purposes of Part IVAAA of the Taxation Administration Act 1953 and are legally binding on the Commissioner. The remainder of the Determination is administratively binding on the Commissioner. Taxation Rulings TR 92/1 and TR 97/16 together explain how a Determination is legally or administratively binding. | This Determination applies to years commencing both before and after its date of issue. However, this Determination does not apply to taxpayers to the extent that it conflicts with the terms of settlement of a dispute agreed to before the date of the Determination (see paragraphs 21 and 22 of Taxation Ruling TR 92/20). | 1. The word 'incur' in the context of subsection 124-75(2) of the Income Tax Assessment Act 1997 means, in relation to expenditure in acquiring a CGT asset, that you: | Note: 2. The word 'incur' has the same meaning in subsection 124-75(2) as it has in its context in the general deduction provision in subsection 8-1(1). | Commissioner of Taxation 13 September 2000 | Previously issued as TD 1999/D56


Related rulings: TD 2000/36 TD 2000/37 TD 2000/38 TD 2000/40 TD 2000/41 TD 2000/42 TD 2000/43 TD 2000/44 TD 2000/45
Legislative references: ITAA 1997 8-1 ITAA 1997 124-75(2)
Subject references: acquisition asset CGT asset expenditure incur incurred