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

159   Subsection 110(1)

Insert:

modified general deduction for a notional CGT event means an amount that (apart from sections 116CB and 116CC) could be deducted under:

(a) section 8-1 or 25-40 of the Income Tax Assessment Act 1997; or

(b) section 52 of this Act;

in respect of the event if Division 10 of Part IX of this Act applied in respect of the event.