Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 152.430

15 - year rule has priority

    This Subdivision does not apply to a * capital gain to which Subdivision   152 - B (15 - year exemption) applies.

Note:   Under that Subdivision, such a gain is entirely disregarded, so there is no need for any further concession to apply.

Table of Subdivisions

  Guide to Division   160

160 - A   Entitlement to and amount of loss carry back tax offset

160 - B   Loss carry back choice


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