Income Tax Assessment Act 1997



Division 152 - Small business relief  

Subdivision 152-A - Basic conditions for relief under this Division  

Maximum net asset value test

SECTION 152-15   152-15   Maximum net asset value test  

You satisfy the maximum net asset value test if, just before the *CGT event, the sum of the following amounts does not exceed $6,000,000:

(a) the *net value of the CGT assets of yours;

(b) the net value of the CGT assets of any entities *connected with you;

(c) the net value of the CGT assets of any *affiliates of yours or entities connected with your affiliates (not counting any assets already counted under paragraph (b)).

Note 1:

Some assets are not included in the definition of net value of the CGT assets : see subsections 152-20(2) , (3) and (4) .

Note 2:

The meaning of connected with is affected by section 152-78 .


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