Income Tax Assessment Act 1997
You work out the closing pool balance of your *general small business pool for an income year in this way: Method statement
Add to the * opening pool balance of the pool for the income year:
Subtract from the step 1 amount:
The result is the closing pool balance of the pool for the income year.
A transferor does not subtract anything for certain balancing adjustment events under paragraph (a) of step 2 if roll-over relief under section 40-340 is chosen: see sections 328-243 and 328-245 .
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