Income Tax Assessment Act 1936

PART III - LIABILITY TO TAXATION  

Division 10E - PDFs (pooled development funds)  

Subdivision A - Shares in PDFs  

SECTION 124ZN  

124ZN   EXEMPTION OF INCOME FROM SALE OF SHARES IN A PDF  


Income derived by a taxpayer from selling shares in a company is exempt from income tax if the company is a PDF at the time of the sale.
Note:

Any capital gain or capital loss from a disposal of shares in a PDF is disregarded: see section 118-13 of the Income Tax Assessment Act 1997 .


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