Income Tax Assessment Act 1997



Division 768 - Foreign non-assessable income and gains  

Subdivision 768-G - Reduction in capital gains and losses arising from CGT events in relation to certain voting interests in active foreign companies  

SECTION 768-500   What this Subdivision is about  


  • (a) a company has a capital gain or capital loss arising from a CGT event that happens in relation to a share in a foreign company; and
  • (b) the company holds a direct voting percentage of 10% or more in the foreign company for a certain period before the CGT event happens;
  • the gain or loss is reduced by a percentage that reflects the degree to which the assets of the foreign company are used in an active business.


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