Tax Laws Amendment (2004 Measures No. 6) Act 2005 (23 of 2005)
Schedule 8 CGT event G3
Income Tax Assessment Act 1997
1 Section 104-5 (table item dealing with CGT event G3)
Repeal the item, substitute:
|
G3 Liquidator or administrator declares shares or financial instruments worthless
|
when declaration was made |
no capital gain |
shares' or financial instruments' reduced cost base |