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Withdrawal - Income tax: consolidation: capital gains: which entity acquires a CGT asset, and when, if a contract to acquire the asset is entered into by a subsidiary member of a consolidated group and the contract settles after the subsidiary has left the group?

TD 2004/D73 expresses the view that for CGT purposes, the subsidiary acquires the asset when the acquisition contract was entered into.

The issue covered in this Determination is now dealt with in Taxation Determination TD 2005/D27, which issued today.

Accordingly, this Determination is no longer necessary.

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