Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS  

Division 149 - When an asset stops being a pre-CGT asset  

Subdivision 149-B - When asset of non-public entity stops being a pre-CGT asset  

SECTION 149-35   Cost base elements of asset that stops being a pre-CGT asset  

149-35(1)    
This section affects the * cost base and * reduced cost base of the asset if it stops being a * pre-CGT asset.

149-35(2)    
The first element of each is the asset's * market value at the time referred to in subsection 149-30(1).