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
62 Before subsection 37(1)
Insert:
(1A) Subsection (1) applies only to property devolving as a result of a person dying before 1 July 1997.
Note: Section 70-105 (Death of owner) of the Income Tax Assessment Act 1997 applies to property devolving as a result of a person dying on or after 1 July 1997.
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