Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 115.5

What is a discount capital gain ?

    A discount capital gain is a * capital gain that meets the requirements of sections   115 - 10, 115 - 15, 115 - 20 and 115 - 25.

Note:   Sections   115 - 40, 115 - 45 and 775 - 70 identify capital gains that are not discount capital gains, despite this section.

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