Tax Laws Amendment (Tax Incentives for Innovation) Act 2016 (54 of 2016)
Schedule 2 Venture capital investment
Part 4 CGT exemption for fixed and unit trust beneficiaries of partners in ESVCLPs
Income Tax Assessment Act 1997
22 At the end of subsection 104-71(3)
; or (c) proceeds from a CGT event if:
(i) the CGT event relates to an *eligible venture capital investment; and
(ii) the share of a partner in an ESVCLP in a *capital gain or *capital loss from the CGT event is disregarded under section 118-407; or
(d) that part of the proceeds from a CGT event, relating to an eligible venture capital investment, for which there is a partial exemption under section 118-408.
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