Tax Law Improvement Act (No. 1) 1998 (46 of 1998)

2   CGT (new Parts 3-1, 3-3 and 3-5)

3   Consequential amendment of the Income Tax Assessment Act 1936

321   Section 121AS (table item 12, column headed 'Modification')

Omit "the person does not incur a capital loss in respect of that disposal", substitute "a capital loss that the person makes from the disposal is disregarded".