Compare documents

For the 2013-14 income year, the improvement threshold is $136,884.

This Taxation Determination applies for the 2013-14 income year.

For the 2013-14 income year, the improvement threshold is $136,884.

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).

The improvement threshold is indexed annually - see subsection 108-85(2) of the ITAA 1997.

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.

This Taxation Determination must be published before the start of the 2013-14 financial year as required by subsection 108-85(3) of the ITAA 1997.