Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1936 - SECT 408

Certain capital gains and losses disregarded

    If a CFC makes a capital gain or capital loss from a CGT event that is not disregarded under Subdivision   855 - A of the Income Tax Assessment Act 1997 , or would have made a capital gain from the event apart from indexation, disregard the CGT event in calculating the attributable income of the eligible CFC.



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