Tax Laws Amendment (2008 Measures No. 4) Act 2008 (97 of 2008)

Schedule 3   Minor amendments

Part 1   General amendments

Income Tax Assessment Act 1997

97   Subsection 115-280(3) (formula)

Repeal the formula, substitute:

After tax gain + [{After tax gain x *Corporate tax rate (at the time of the *CGT event)} / {1 - *Corporate tax rate (at that time)}]