INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

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

Division 104 - CGT events  

Subdivision 104-E - Trusts  

SECTION 104-107C   104-107C   AMIT cost base net amount  


The *CGT asset ' s AMIT cost base net amount for the income year is:


(a) if the CGT asset ' s *AMIT cost base reduction amount for the income year exceeds the CGT asset ' s *AMIT cost base increase amount for the income year - the amount of the excess; or


(b) if the CGT asset ' s AMIT cost base reduction amount for the income year falls short of the CGT asset ' s AMIT cost base increase amount for the income year - the amount of the shortfall.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.