Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-3
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CAPITAL GAINS AND LOSSES: SPECIAL TOPICS
The *capital gain, as reduced under section 152-205 , may also qualify for:
(a) the small business retirement exemption (see Subdivision 152-D ); or
(b) a small business roll-over (see Subdivision 152-E );
If it qualifies for both of those concessions, you may choose which order to apply them in.
Division 152
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Small business relief
Subdivision 152-C
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Small business 50% reduction
SECTION 152-210
You may also get the small business retirement exemption and small business roll-over relief
152-210(1)
The *capital gain, as reduced under section 152-205 , may also qualify for:
(a) the small business retirement exemption (see Subdivision 152-D ); or
(b) a small business roll-over (see Subdivision 152-E );
or both.
152-210(2)If it qualifies for both of those concessions, you may choose which order to apply them in.
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