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
462 Paragraph 418A(1)(f)
Repeal the paragraph, substitute:
(f) if subsection 160M(8) of this Act, or section 104-160 of the Income Tax Assessment Act 1997 (CGT event I1), applied to the change of residence for the purposes of the application of this Act apart from this Part:
(i) section 412 applies as if subsections 412(2) and (3) referred only to the market value of the asset concerned; and
(ii) section 414 applies as if paragraphs 414(3)(b) and (4)(b) referred only to the market value of the asset concerned.
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