Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-1
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CAPITAL GAINS AND LOSSES: GENERAL TOPICS
Division 118
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Exemptions
Subdivision 118-A
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General exemptions
Exempt or loss-denying transactions
SECTION 118-65
118-65
Later distributions of personal services income
A *capital loss you make from a payment is disregarded if it is a payment to any entity of:
(a) *personal services income included in an individual's assessable income under section 86-15 ; or
(b) any other amount that is attributable to that income.
View history note
Hide history noteA *capital loss you make from a payment is disregarded if it is a payment to any entity of:
(a) *personal services income included in an individual's assessable income under section 86-15 ; or
(b) any other amount that is attributable to that income.
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