Income Tax (Transitional Provisions) Act 1997



Division 104 - CGT events  

Subdivision 104-C - End of a CGT asset  

SECTION 104-25   104-25   Cancellation, surrender and similar endings  

The capital proceeds from an ending referred to in subsection 104-25(3) of the Income Tax Assessment Act 1997 in relation to shares are reduced by any amount that was taken into account as a capital gain for the shares under former section 160ZL of the Income Tax Assessment Act 1936 for the 1997-98 income year or an earlier income year.


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