Commonwealth Consolidated Acts

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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 104.135

Capital payment for shares

    Subsection   104 - 135(3) of the Income Tax Assessment Act 1997 also reduces the cost base and reduced cost base of a share to nil if an amount was taken into account as a capital gain for the share under former section   160ZL of the Income Tax Assessment Act 1936 .

Table of sections

104 - 165   Choices made under subsection   104 - 165(2) of the Income Tax Assessment Act 1997

104 - 166   Subsection   104 - 165(1) still applies if you continue to be a short term Australian resident


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