Income Tax Assessment Act 1997
The *CGT asset ' s AMIT cost base increase amount for the income year is the total of the 2 amounts set out in the following subsections. First amount - total of amounts not related to capital gains 104-107E(2)
The first amount is the total of all of the following amounts included in your assessable income or *non-assessable non-exempt income for the income year in respect of the *AMIT, to the extent that they are reasonably attributable to the *CGT asset:
(a) amounts so included because of the operation of section 276-80 ;
(b) amounts so included otherwise than because of the operation of section 276-80 (as reduced in accordance with section 276-100 ). 104-107E(3)
For the purposes of subsection (2), disregard the *AMIT ' s *net capital gain (if any) for the income year. Second amount - total of amounts related to capital gains 104-107E(4)
The second amount is the total of each *determined member component of a character relating to *capital gains that:
(a) you have for the income year in respect of the *AMIT; and
(b) is taken into account under section 276-80 . Residence assumption 104-107E(5)
For the purposes of working out amounts under subsections (2) and (4), assume that you are an Australian resident.
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