Income Tax Assessment Act 1997
CGT event K12 happens if, in accordance with paragraph 830-50(2)(b) or (3)(b), you make a *capital loss under this section for an income year. 104-270(2)
The time of the event is just before the end of the income year. 104-270(3)
You make a capital loss equal to the amount applicable under paragraph 830-50(2)(b) or (3)(b).
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