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

200   Paragraphs 116CB(3)(e) and (f)

Repeal the paragraphs, substitute:

(e) so much of any non-exempt ordinary capital gain or ordinary capital loss as is distributed to a class other than the CS/RA class is taken into account in determining the overall non-exempt capital gain or overall capital loss for the class concerned;

(f) so much of any non-exempt modified capital gain or modified capital loss as is distributed to the CS/RA class is taken into account in determining the overall non-exempt capital gain or overall capital loss for that class.


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