Joint submission by the Institute of Chartered Accountants in Australia, the Taxation Institute of Australia, the Australian Society of CPAs and the Australian Taxpayers Association. Draft Tax Determination TD 1999/D35. 140ZO(2) simply requires the capital value to be determined in accordance with a method determined by the ATO in writing (TD 97/21 outlines the method determined by the ATO) - it doesn't say that the market value, etc of the fund assets must be used.Therefore this determination would be best issued as an appendix to TD 97/21.
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