Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 104.107C

AMIT cost base net amount

                   The * CGT asset's AMIT cost base net amount for the income year is:

                     (a)  if the CGT asset's * AMIT cost base reduction amount for the income year exceeds the CGT asset's * AMIT cost base increase amount for the income year--the amount of the excess; or

                     (b)  if the CGT asset's AMIT cost base reduction amount for the income year falls short of the CGT asset's AMIT cost base increase amount for the income year--the amount of the shortfall.



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