Income Tax Assessment Act 1997
Temporarily disregard a portion of a *capital loss you make from *disposing of a *CGT asset if the capital loss could be reduced by you receiving one or more *financial benefits under a *look-through earnout right relating to the CGT asset and the disposal. 118-580(2)
The portion of the *capital loss that is temporarily disregarded is:
(a) if those *financial benefits can never exceed a maximum amount that is certain - so much of the capital loss as is equal to that maximum amount; or
(b) otherwise - all of the capital loss.
When you receive a financial benefit under the look-through earnout right:
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