Income Tax (Transitional Provisions) Act 1997
CHAPTER 6
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THE DICTIONARY
PART 6-1
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CONCEPTS AND TOPICS
Division 960
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General
Subdivision 960-M
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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) .
View history note
Hide history noteThis 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) .
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