Capital gains: how is cash acquired after 19 September 1985 treated for section 160ZZT purposes?

CGT Determination TD 24 is withdrawn with effect from today.

It continues to apply to the happening of CGT event K6 before the withdrawal but does not apply to the happening of CGT event K6 after the withdrawal.

TD 24 deals with how cash (being money on hand) is treated for section 160ZZT of the Income Tax Assessment Act 1936 purposes. This issue is now addressed in draft Taxation Ruling TR 2004/D6 which issues today.