Trading stock: standard value of goods taken for private use: 2021-22 – TD 2021/8
November 19, 2021
Taxation Determination TD 2021/8, issued on Wednesday 10 November, sets out the 2021-22 amounts the ATO will accept as estimates of the value of goods taken from trading stock for private use by taxpayers in specified businesses (eg restaurants and bakeries).
The ATO also withdrew Determinations on the value of goods for 2013-14 (TD 2014/2), 2014-15 (TD 2015/9) and 2015-16 (TD 2016/9).