Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 149.75

Cost base elements of asset that stops being a pre - CGT asset

  (1)   This section affects the * cost base and * reduced cost base of the asset if it stops being a * pre - CGT asset.

  (2)   The first element of each is the asset's * market value at the time referred to in subsection   149 - 70(2).


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