Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS  

Division 104 - CGT events  

Subdivision 104-E - Trusts  

SECTION 104-107C   104-107C   AMIT cost base net amount  

The *CGT asset ' s AMIT cost base net amount for the income year is:

(a) if the CGT asset ' s *AMIT cost base reduction amount for the income year exceeds the CGT asset ' s *AMIT cost base increase amount for the income year - the amount of the excess; or

(b) if the CGT asset ' s AMIT cost base reduction amount for the income year falls short of the CGT asset ' s AMIT cost base increase amount for the income year - the amount of the shortfall.