For the 2010-11 income year, the CGT improvement threshold is $126,619 (TD 2010/16).
The improvement threshold is determined for the purposes of sec 108-70 ITAA 1997 (about when a capital improvement to a pre-CGT asset is a separate asset) and sec 108-75 ITAA 1997 (about capital improvements to CGT assets for which a rollover may be available).
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29 Sep 2010
Amending Bills reintroduced
Several amending Bills, including the Tax Laws Amendment (2010 Measures No 4) Bill 2010, were reintroduced into Federal ..
15 Sep 2010
Freezing orders continued
The Federal Court has continued freezing orders against five foreign corporations which had never filed tax returns in A..
31 Aug 2010
Penalty for recklessness
The Federal Court has allowed the Commissioner's appeal against a decision of the AAT and held that the taxpayer had fai.. |