Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-3
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CAPITAL GAINS AND LOSSES: SPECIAL TOPICS
An individual is a CGT concession stakeholder of a company or trust at a time if the individual is:
(a) a *significant individual in the company or trust; or
(b) a spouse of a significant individual in the company or trust, if the spouse has a *small business participation percentage in the company or trust at that time that is greater than zero.
Division 152
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Small business relief
Subdivision 152-A
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Basic conditions for relief under this Division
CGT concession stakeholder
SECTION 152-60
152-60
Meaning of
CGT concession stakeholder
An individual is a CGT concession stakeholder of a company or trust at a time if the individual is:
(a) a *significant individual in the company or trust; or
(b) a spouse of a significant individual in the company or trust, if the spouse has a *small business participation percentage in the company or trust at that time that is greater than zero.
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