Tax Laws Amendment (2004 Measures No. 2) Act 2004 (83 of 2004)
Schedule 2 Consolidation etc.
Part 11 Technical amendment of cost base and reduced cost base calculation
Income Tax Assessment Act 1997
63 At the end of section 110-55
Assume a CGT event for purposes of working out reduced cost base at a particular time
(a) it is necessary to work out the *reduced cost base at a particular time; and
(b) a *CGT event does not happen in relation to the asset at or just after that time;
assume, for the purpose only of working out the reduced cost base at the particular time, that such an event does happen in relation to the asset at or just after that time.