Tax Law Improvement Act (No. 1) 1998 (46 of 1998)
2 CGT (new Parts 3-1, 3-3 and 3-5)
2 Consequential amendment of the Income Tax Assessment Act 1997
12 Subsection 43-50(3) (note 1)
Repeal the Note, substitute:
Note 1: Choosing to apply section 104-115 results in the lease being treated for CGT purposes more like an outright disposal.
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