04 Jun 099 Capital gains: improvement threshold for 2009-10 income year - TD 2009/12This final Taxation Determination was issued on 3 June 2009. It was not previously issued in draft.
The improvement threshold for the 2009-10 income year under s 108-85 ITAA 1997 is $124,258. This is up from the improvement threshold for the 2008-09 income year, which was $119,594.
The improvement threshold is determined for the purposes of s 108-70 (about when a capital improvement to a pre-CGT asset is a separate asset) and s 108-75 (about capital improvements to CGT assets for which a rollover may be available).
For a copy of TD 2009/12 go here.