Income Tax Assessment Act 1997
CHAPTER 4
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INTERNATIONAL ASPECTS OF INCOME TAX
Disregard a *capital loss of a *sovereign entity from a *CGT event that happens at a time if, on the assumption that the loss were a *capital gain that happened at that time, the capital gain would be disregarded because of section 880-115 .
PART 4-5
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GENERAL
Division 880
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Sovereign entities and activities
Subdivision 880-C
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Sovereign immunity
Operative provisions
SECTION 880-120
880-120
Sovereign entity
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s capital loss from membership interest etc. in trust or company
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loss disregarded
Disregard a *capital loss of a *sovereign entity from a *CGT event that happens at a time if, on the assumption that the loss were a *capital gain that happened at that time, the capital gain would be disregarded because of section 880-115 .
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