Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 115.55

Capital gains involving money received from demutualisation of friendly society health or life insurer

    Your * capital gain from a * CGT event is not a discount capital gain if it is affected by section   316 - 60 or 316 - 165.

Note:   Those sections affect capital gains involving the receipt of money as a result of the demutualisation of a friendly society health or life insurer.

Table of sections

115 - 100   What is the discount percentage for a discount capital gain

115 - 105   Foreign or temporary residents--individuals with direct gains

115 - 110   Foreign or temporary residents--individuals with trust gains

115 - 115   Foreign or temporary residents--percentage for individuals

115 - 120   Foreign or temporary residents--trusts with certain gains

115 - 125   Investors disposing of property used for affordable housing


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