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
433 Paragraph 401(1)(a)
After "disposal of an asset,", insert "or to take into account the capital proceeds from a CGT event happening in relation to a CGT asset,".
Note: The heading to section 401 is replaced by the heading "Reduction of disposal consideration or capital proceeds where attributed income not distributed".
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).
