Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS  

Division 108 - CGT assets  

Subdivision 108-D - Separate CGT assets  

Operative provisions

SECTION 108-85   Meaning of improvement threshold  

108-85(1)    
The improvement threshold for the 1997-98 income year is $ 89,992.

108-85(2)    
The * improvement threshold is indexed annually.

Note:

Subdivision 960-M shows you how to index amounts.

108-85(3)    
The Commissioner must publish before the beginning of each * financial year the * improvement threshold for that year.