Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 104.270

  (1)   CGT event K12 happens if, in accordance with paragraph   830 - 50(2)(b) or (3)(b), you make a * capital loss under this section for an income year.

  (2)   The time of the event is just before the end of the income year.

  (3)   You make a capital loss equal to the amount applicable under paragraph   830 - 50(2)(b) or (3)(b).

Table of sections

104 - 500   Loss of pre - CGT status of membership interests in entity becoming subsidiary member: CGT event L1

104 - 505   Where pre - formation intra - group roll - over reduction results in negative allocable cost amount: CGT event L2

104 - 510   Where tax cost setting amounts for retained cost base assets exceeds joining allocable cost amount: CGT event L3

104 - 515   Where no reset cost base assets and excess of net allocable cost amount on joining: CGT event L4

104 - 520   Where amount remaining after step 4 of leaving allocable cost amount is negative: CGT event L5

104 - 525   Error in calculation of tax cost setting amount for joining entity's assets: CGT event L6

104 - 535   Where reduction in tax cost setting amounts for reset cost base assets cannot be allocated: CGT event L8