Income tax: capital gains: what is meant by the term 'original beneficial owner' as used in subsection 160ZZI(3) of the Income Tax Assessment Act 1936 (the Act)?

TD 94/31 examines the meaning of the term 'original beneficial owner' for the purposes of subsection 160ZZI(3) of the Income Tax Assessment Act 1936 (ITAA 1936).

Subsection 160ZZI(3) of the ITAA 1936 was repealed and replaced by section 118-300 of the Income Tax Assessment Act 1997.

The term 'original beneficial owner' was replaced with 'original owner' by the Tax and Superannuation Laws Amendment (2014 Measures No. 7) Act 2015 , with effect from the 2005-06 income year.

Accordingly, TD 94/31 is no longer current and is therefore withdrawn.