22 Nov 07 Value of goods taken from stock for private use: 2007-08 - TD 2007/30
This final Taxation Determination was issued on 21 November 2007. It was not previously released in draft form. The Determination provides an update of amounts that the Commissioner will accept as estimates of the value of goods taken from trading stock for private use by taxpayers in named industries. The updated amounts are contained in the Schedule at paragraph 2 of the Determination. The Determination should be read with Taxation Ruling IT 2659: Income tax: value of goods taken from stock for private use.
For a copy of TD 2007/30, go here
For a copy of IT 2659, go here