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
21 Subsection 165-60(6A)
Repeal the subsection, substitute:
(6A) A *net capital gain is not attributed to a period.
Note: This is because Subdivision 165-CB provides for how the company must work out its net capital gain for the income year.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
