Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 880 - Sovereign entities and activities  

Subdivision 880-C - Sovereign immunity  

Operative provisions

SECTION 880-120  

880-120   Sovereign entity ' s capital loss from membership interest etc. in trust or company - loss disregarded  

Disregard a * capital loss of a * sovereign entity from a * CGT event that happens at a time if, on the assumption that the loss were a * capital gain that happened at that time, the capital gain would be disregarded because of section 880-115 .