New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)
Schedule 21 Consolidation: CGT events relating to various cost base provisions
Income Tax Assessment Act 1997
4 Section 110-10 (after table row relating to event number L1)
Insert:
|
L2 |
Amount remaining after step 3A etc. of joining allocable cost amount is negative |
104-505 |
|
L3 |
Tax cost setting amounts for retained cost base assets exceed joining allocable cost amount |
104-510 |
|
L4 |
No reset cost base assets against which to apply excess of net allocable cost amount on joining |
104-515 |
|
L5 |
Amount remaining after step 4 of leaving allocable cost amount is negative |
104-520 |