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INCOME TAX ASSESSMENT ACT 1997 - SECT 118.500

What this Subdivision is about

A foreign resident tax exempt pension fund that invests in venture capital equity in an Australian company or fixed trust (a resident investment vehicle) can disregard a capital gain or capital loss it makes from a CGT event that happens to that equity if:

               (a)     the entity is registered under the Pooled Development Funds Act 1992 ; and

              (b)     the entity owned the equity for at least 12 months.

Table of sections

118-505    Exemption for certain foreign venture capital

118-510    Meaning of resident investment vehicle

118-515    Meaning of venture capital entity

118-520    Meaning of superannuation fund for foreign residents

118-525    Meaning of venture capital equity



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