Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS  

Division 152 - Small business relief  

Subdivision 152-C - Small business 50% reduction  

SECTION 152-220   152-220   You may choose not to apply this Subdivision  


You may choose not to apply the reduction mentioned in section 152-205 to a particular *capital gain.
Note:

Making this choice might allow a company or trust to make larger tax-free payments under the small business retirement exemption: see section 152-325 .


 

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