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
76 Subsection 23AH(8A)
Omit "no capital loss is incurred by the taxpayer under Part IIIA in respect of the disposal of the asset", substitute "any capital loss (for the purposes of Part 3-1 of the Income Tax Assessment Act 1997) made by the taxpayer from the CGT event is disregarded".
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