Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-95 - VALUE SHIFTING  

Division 723 - Direct value shifting by creating right over non-depreciating asset  

Subdivision 723-A - Reduction in loss from realising non-depreciating asset  

SECTION 723-40  

723-40   Application to CGT asset that is also trading stock or revenue asset  

If a ^* CGT asset you own is also an item of your ^* trading stock or a ^* revenue asset, this Division applies to the asset once in its character as a CGT asset and again in its character as trading stock or a revenue asset.