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
303 Section 121AS (table item 6, column headed 'Modification', modification 1)
Omit "The disposer does not incur a capital loss in respect of the disposal of the demutualisation share or interest in such a share,", substitute "A capital loss that the disposer makes from the disposal of the demutualisation share or interest in such a share is disregarded".
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