Income tax: capital gains: in determining whether the threshold and ratio tests in subsection 160P(6) of the Income Tax Assessment Act 1936 are met, in what circumstances is it appropriate to aggregate a number of enhancements made to an asset so as to constitute an 'improvement' to the asset?

Taxation Determination TD 95/58 is withdrawn with effect from today.

Section 108-80 of the Income Tax Assessment Act 1997 sets out factors to be considered in deciding if capital improvements are related to each other. This section adopts the factors previously applied administratively.