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Copyright Privacy Statement Reference Manual Subscribe. This is an edited and summarised record of a Tax Office decision.

This record is not published as a form of advice. It is being made available for your inspection to meet FOI requirements, because it may be used by an officer in making another decision. This ATOID provides you with the following level of protection: If you reasonably apply this decision in good faith to your own circumstances which are not disposal of trading stock outside the ordinary course of business different from those described in the decisionand the decision is later found to be incorrect you will not be liable to pay any penalty or interest.

INCOME TAX ASSESSMENT ACT - SECT Assessable income on disposal of trading stock outside the ordinary course of business

However, you will be required to pay any underpaid trader forex francais or repay any over-claimed credit, grant or benefitprovided the time limits under the law allow it. If you do intend to apply this decision to your own circumstances, you will need to ensure that the relevant provisions referred to in the decision have not been amended or repealed.

You may wish to obtain further advice from the Tax Office or from a professional adviser.