Income tax: capital gains: what are the consequences for taxpayers who make a capital gain on the conversion of their Wheat Industry Fund units to shares in AWB Limited?

TD 1999/64 concerns the CGT consequences for taxpayers involved in the restructure of the Australian Wheat Board (AWB) from a statutory marketing authority to a grower owned company, AWB Limited, from 1 July 1999.

TD 1999/64 applies to a specific class of entities, being the holders of units in the Wheat Industry Fund, a fund that no longer exists.

TD 1999/64 has no ongoing relevance and is therefore withdrawn without replacement.