Taxation Laws Amendment Act (No. 1) 2004 (101 of 2004)
Schedule 10 Foreign hybrids
Part 2 Amendment of the Income Tax Assessment Act 1997
11 Section 104-5 (before table item relating to CGT event L1)
Insert:
|
K12 Foreign hybrid loss exposure adjustment [See section 104-270] |
just before the end of the income year |
no capital gain |
the amount stated in subsection 104-270(3) |