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
410 Subsection 221YA(1B)
Repeal the subsection, substitute:
(1B) For the purposes of this Division, disregard a taxpayer's net capital gain for a year in working out the taxpayer's taxable income for that year.
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