Tax Laws Amendment (New Tax System for Managed Investment Trusts) Act 2016 (53 of 2016)

Schedule 2   Annual cost base adjustment for member's unit or interest in AMIT

Income Tax Assessment Act 1997

1   Section 104-5 (after table item dealing with CGT event E9)


E10 Annual cost base reduction exceeds cost base of interest in AMIT

[See section 104-107A]

when reduction happens

excess of cost base reduction over cost base

no capital loss