Income tax: capital gains: what is the improvement threshold for the 1998-99 income year under section 108-85 of the Income Tax Assessment Act 1997 ?
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FOI status:may be releasedFOI number: I 1015689
Date of Effect
This Determination applies for the 1998-99 income year.
2. The improvement threshold is determined for the purposes of section 108-70 (about when a capital improvement to a pre-CGT asset is a separate asset) and section 108-75 (about capital improvements to CGT assets for which a roll-over may be available).
Commissioner of Taxation
26 June 1998
Not previously released in draft form
NO NAT 94/3384-4; 95/4025-3
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