Income Tax Assessment Act 1997
CHAPTER 6
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THE DICTIONARY
PART 6-1
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CONCEPTS AND TOPICS
Division 977
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Realisation events, and the gains and losses they realise for income tax purposes
Trading stock
SECTION 977-20
977-20
Realisation event
For an item of *trading stock, a realisation event is a disposal of the item or the ending of an income year.
View history note
Hide history noteFor an item of *trading stock, a realisation event is a disposal of the item or the ending of an income year.
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