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)
Insert:
|
E10 Annual cost base reduction exceeds cost base of interest in AMIT
|
when reduction happens |
excess of cost base reduction over cost base |
no capital loss |