Income Tax (Transitional Provisions) Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-1
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CAPITAL GAINS AND LOSSES: GENERAL TOPICS
Despite subsection 110-35(2) of the Income Tax Assessment Act 1997 , expenditure for professional advice about taxation incurred before 1 July 1989 does not form part of the cost base of a CGT asset.
Division 110
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Cost base and reduced cost base
Subdivision 110-A
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Cost base
SECTION 110-35
110-35
Incidental costs
Despite subsection 110-35(2) of the Income Tax Assessment Act 1997 , expenditure for professional advice about taxation incurred before 1 July 1989 does not form part of the cost base of a CGT asset.
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