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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 723.1

Application of Division 723

             (1)  Division 723 applies to a realisation event happening on or after 1 July 2002 to a CGT asset that, at the time of the event:

                     (a)  is not a depreciating asset; or

                     (b)  is an item of trading stock; or

                     (c)  is a revenue asset.

             (2)  Paragraph 723-10(1)(b) or 723-15(1)(b) applies to a right created on or after 1 July 2002.

   

Table of sections

725-1        Application of Division 725



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