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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