Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 104.107E

  (1)   The * CGT asset's AMIT cost base increase amount for the income year is the total of the 2 amounts set out in the following subsections.

First amount--total of amounts not related to capital gains

  (2)   The first amount is the total of all of the following amounts included in your assessable income or * non - assessable non - exempt income for the income year in respect of the * AMIT, to the extent that they are reasonably attributable to the * CGT asset:

  (a)   amounts so included because of the operation of section   276 - 80;

  (b)   amounts so included otherwise than because of the operation of section   276 - 80 (as reduced in accordance with section   276 - 100).

  (3)   For the purposes of subsection   (2), disregard the * AMIT's * net capital gain (if any) for the income year.

Second amount--total of amounts related to capital gains

  (4)   The second amount is the total of each * determined member component of a character relating to * capital gains that:

  (a)   you have for the income year in respect of the * AMIT; and

  (b)   is taken into account under section   276 - 80.

Residence assumption

  (5)   For the purposes of working out amounts under subsections   (2) and (4), assume that you are an Australian resident.