Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-1
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CAPITAL GAINS AND LOSSES: GENERAL TOPICS
Division 118
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Exemptions
Subdivision 118-A
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General exemptions
Exempt or loss-denying transactions
SECTION 118-45 118-45 Sale of rights to mine
A * capital gain or * capital loss you make from the sale, transfer or assignment of your rights to mine in a particular area in Australia is disregarded if you have * exempt income for the income year (because of the former section 330-60 ) from the sale, transfer or assignment.
View history note
Hide history noteSECTION 118-45 118-45 Sale of rights to mine
A * capital gain or * capital loss you make from the sale, transfer or assignment of your rights to mine in a particular area in Australia is disregarded if you have * exempt income for the income year (because of the former section 330-60 ) from the sale, transfer or assignment.
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