Income Tax Assessment Act 1997
Pt 2-15 (heading) substituted by No 66 of 2003.
Pt 2-15 inserted by No 121 of 1997.
Div 51 inserted by No 121 of 1997.
Any gain or profit made from the disposal or other realisation of *venture capital equity in a *resident investment vehicle is exempt from income tax if:
(a) it is made by a *venture capital entity or a *limited partnership referred to in subsection 118-515(2) ; and
(b) if that disposal or other realisation were a *disposal of a *CGT asset, any *capital gain or *capital loss would be disregarded under Subdivision 118-G .
S 51-55 inserted by No 165 of 1999.
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