This final Taxation Determination was issued on 30 May 2007. It was previously released in draft form as TD 2006/D46: see 2006 TAXVINE No 49 (15) (20 December 2006). Its full title is "Income tax: consolidation: in applying the statutory cap in s 705-40 (tax cost setting amount for reset cost base assets held on revenue account) of ITAA 1997, does the definition of revenue asset in s 977-50 of that Act include any CGT asset, a hypothetical realisation of which would have an amount reflected in the joining entity's taxable income (disregarding the single entity rule), otherwise than solely as a capital gain or capital loss?" The answer given is Yes.
For a copy of TD 2007/18, go here