INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997

CHAPTER 6 - THE DICTIONARY  

PART 6-1 - CONCEPTS AND TOPICS  

Division 960 - General  

Subdivision 960-M - Indexation  

SECTION 960-275   Indexation factor  

960-275(1)  
This section applies to a CGT asset that:


(a) is a share in a company that was issued or allotted to you by the company or a unit in a unit trust that was issued to you by the trustee; and


(b) you acquired before 16 August 1989; and


(c) you owned just before the start of the 1998-99 income year.

960-275(2)  
In working out the cost base of the cost base of the asset, you ignore subsection 960-275(3) and use the indexation factor in subsection 960-275(2) .




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