Show download pdf controls
  • Assets used to produce notional exempt income


    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    In working out taxable income, the capital gains tax provisions do not normally apply to the disposal of assets used solely for the production of exempt income. However, in working out attributable income, capital gains or losses on the disposal of assets used to derive notional exempt income can be taken into account.

    Last modified: 05 Dec 2006QC 18000