Tax Laws Amendment (Tax Incentives for Innovation) Act 2016 (54 of 2016)
Schedule 2 Venture capital investment
Part 3 Removing the ESVCLP divestiture registration requirement
Income Tax Assessment Act 1997
11 At the end of subsection 118-407(1)
Add:
Note 2: This section does not apply if you get a partial exemption in relation to a CGT event under section 118-408.
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