Income Tax (Transitional Provisions) Act 1997
View history note
Hide history noteDisregard a capital gain of a sovereign entity from a CGT event that happens in relation to a CGT asset if:
(a) the capital gain arises under a scheme; and
(b) the CGT asset is a membership interest, non-share equity interest or debt interest in another entity; and
(c) the requirements in paragraphs 880-5(b) to (g) are satisfied (on the assumption that references in those paragraphs to the investment asset were references to the CGT asset).
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