INCOME TAX ASSESSMENT ACT 1997 (ARCHIVE)
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-1
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CAPITAL GAINS AND LOSSES: GENERAL TOPICS
Division 115
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Discount capital gains and trusts' net capital gains
Subdivision 115-A
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Discount capital gains
SECTION 115-10 (ARCHIVE)
115-10
Who can make a discount capital gain?
CCH Note:
Below is material repealed as inoperative in s 115-10 by No 101 of 2006.
Note:
Section 115-10 of the Income Tax (Transitional Provisions) Act 1997 provides that a capital gain made by a life insurance company or registered organisation after 11.45 am on 21 September 1999 and before 1 July 2000 may be a discount capital gain in certain circumstances.
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