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26 Mar 099 Div 7A: the value of the company's assets under s 109Y(2) - TD 2009/5

This final Taxation Determination was issued on 25 March 2009. It had previously been released in draft form as TD 2008/D19. Its full title is "Income tax: Division 7A: in exercising the discretion under subsection 109Y(2) of Division 7A of Part III of the ITAA 1936 to substitute an appropriate value for a private company's assets, can the Commissioner take into account the value of the company's assets not shown in the company's accounting records?" The answer given is Yes.

For a copy of TD 2009/5, go here.

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