New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002 (90 of 2002)
Schedule 15 Value shifting
Part 3 Consequential amendment of the Income Tax Assessment Act 1997
Division 1 Amendments
4 Section 104-5 (after table row relating to event number K7)
Insert:
|
K8 Direct value shifts affecting your equity or loan interests in a company or trust [See section 104-240 and Division 725] |
the decrease time for the interests |
the gain worked out under section 725-365 |
no capital loss |