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
265 Paragraphs 116GA(2)(e) and (f)
Repeal the paragraphs, substitute:
(e) any ordinary capital gain or ordinary capital loss is to be disregarded;
(f) any modified capital gain or modified capital loss is taken into account in determining the overall capital gain or overall capital loss for the CS/RA class.
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).
