Income tax: capital gains: for the 1995-96 income year:
- what is the indexation factor for section 160P (major capital improvements to pre-CGT assets) of the Income Tax Assessment Act 1936; and
- what is the associated indexed cost base threshold?
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FOI status:may be releasedFOI number: I 1015949
- the factor ascertained in accordance with subsection 160Q(3) [as affected by subsection 160Q(6)] is 1.025 ; and
- the amount to be substituted in subparagraph 160P(6)(c)(ii) for improvements to which subsection 160P(6) applies is $84,347 .
Commissioner of Taxation
NO NAT 94/3384-8; 95/4025-3
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