Withdrawal - Income tax: what is the method for calculating the capital value of a superannuation pension for reasonable benefit limit purposes under section 140ZO of the Income Tax Assessment Act 1936 (ITAA 1936) that is taken to have commenced when a superannuation pension is split pursuant to an agreement or court order on marriage breakdown?

Draft Taxation Determination TD 2002/D15 is withdrawn with effect from today.

The Tax Office is currently reviewing a number of issues concerning the recent amendments to the Income Tax Assessment Act 1936 to give effect to the taxation of superannuation benefits that are split on marriage breakdown. The review has cast sufficient doubt on the matters addressed in TD 2002/D15 and the two related draft Taxation Determinations, TD 2002/D13 and TD 2002/D14 that they should be withdrawn pending the outcome of the review.