Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 118.575

Creating and ending look - through earnout rights

    Disregard a * capital gain or * capital loss you make because:

  (a)   * CGT event C2 happens in relation to a * look - through earnout right you receive; or

  (b)   CGT event D1 happens when you create a look - through earnout right in another entity.


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