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.


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