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
133 Paragraph 46E(11)(b)
Repeal the paragraph, substitute:
(b) the taxpayer not making a capital gain during the year of income that the taxpayer would have made (or might reasonably be expected to have made) if the arrangement had not been entered into or carried out.
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