Income tax: capital gains: how is the 'exempt' component of a capital gain that arises on the disposal of goodwill treated when distributed to shareholders by a liquidator in the course of winding up a company?

Taxation Determination TD 95/14 is withdrawn with effect from today.

TD 95/14 has been rewritten and replaced by TD 2001/14, to reflect a change in the law effected by the Tax Law Improvement Act (No 1) 1998.