Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)
Schedule 6 Miscellaneous amendments
Part 2 Small business retirement exemption
2 Division 2 - Related amendments
Income Tax Assessment Act 1997
11 Section 12-5 (table item headed "capital gains tax")
After:
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no deduction for an amount that would otherwise be deductible only because a net capital gain is included in assessable income |
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insert:
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small business retirement exemption, no deduction for payments made directly or indirectly to CGT concession stakeholder so company or trust complies with section 152-325 |
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