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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 960.275

Indexation factor

             (1)  This section applies to a CGT asset that:

                     (a)  is a share in a company that was issued or allotted to you by the company or a unit in a unit trust that was issued to you by the trustee; and

                     (b)  you acquired before 16 August 1989; and

                     (c)  you owned just before the start of the 1998-99 income year.

             (2)  In working out the cost base of the cost base of the asset, you ignore subsection 960-275(3) and use the indexation factor in subsection 960-275(2).




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