Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS  

Division 149 - When an asset stops being a pre-CGT asset  

Subdivision 149-C - When asset of public entity stops being a pre-CGT asset  

SECTION 149-75   Cost base elements of asset that stops being a pre-CGT asset  

149-75(1)    
This section affects the *cost base and *reduced cost base of the asset if it stops being a *pre-CGT asset.

149-75(2)    

The first element of each is the asset's *market value at the time referred to in subsection 149-70(2) .

149-75(3)    
(Repealed by No 94 of 1999)