Income tax: capital gains: can a shareholder in One.Tel Limited choose to make a capital loss on a share in that company under CGT event G3 (about a liquidator declaring shares worthless) in section 104-145 of the Income Tax Assessment Act 1997 ?
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Notice of Withdrawal
1. TD 2002/17 states that a shareholder in One.Tel Limited can choose to make a capital loss on a share in that company under CGT event G3 in section 104-145 of the Income Tax Assessment Act 1997 as a result of the liquidators making a declaration for the purposes of CGT event G3 on 30 May 2002.
Commissioner of Taxation
20 December 2016
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CGT event G3
reduced cost base