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Taxation Ruling TR 93/15 was concerned with the capital gains tax consequences of the sale of an asset for a lump sum plus a contingent and unascertainable amount.

The Ruling explained: (a) the capital gains tax consequences for the seller; (b) the capital gains tax consequences for the buyer; and (c) the particular capital gains tax consequences of the transaction of the sale of an asset acquired before 20 September 1985.

The matters considered in TR 93/15 - and additional matters - are now dealt with in Draft Taxation Ruling TR 2007/D10, which applies on and from 17 October 2007. TR 2007/D10 now sets out the Commissioner's current, although preliminary, view about the way in which the relevant taxation laws apply.

To the extent that the views contained in TR 93/15 continue to represent the views of the Commissioner, they have been incorporated into TR 2007/D10.