Tax Law Improvement Act 1997 (121 of 1997)
Schedule 5 Trading stock (and some related matters)
Part 3 Consequential amendment of the Income Tax Assessment Act 1936
61 Before subsection 36A(1)
Insert:
(1A) Subsection (1) applies to a change of ownership of, or interests in, property only if the change takes place before 1 July 1997.
Note: Section 70-100 (Notional disposal when you stop holding an item as trading stock) of the Income Tax Assessment Act 1997 deals with a change taking place on or after 1 July 1997.
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