Tax Law Improvement Act (No. 1) 1998 (46 of 1998)

2   CGT (new Parts 3-1, 3-3 and 3-5)

3   Consequential amendment of the Income Tax Assessment Act 1936

100   Subsection 26AB(1A) (note)

Repeal the Note, substitute:

Note: The Income Tax Assessment Act 1997 does not contain a rewritten version of this section.

For the 1998-99 year of income and later years of income, Parts 3-1 and 3-3 (about CGT) deal with the income tax treatment of premiums for:

? granting leases; and

? assigning leases granted on or after 20 September 1985.

For the 1997-98 year of income, Part IIIA of this Act (about CGT) deals with the income tax treatment of such premiums.