Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 715.155

When asset leaves pool

                   A * CGT asset leaves a * loss denial pool:

                     (a)  just after a * realisation event happens to the asset, unless the realisation event is the ending of an income year (in the case of an item of * trading stock); or

                     (b)  as mentioned in subsection 715-120(2) (when it becomes an asset of the leaving entity).



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