Taxation Laws Amendment Act (No. 7) 2000 (173 of 2000)

Schedule 4   Minor CGT changes

Income Tax (Transitional Provisions) Act 1997

63   Before section 104-210

Insert:

104-205 Partial realisation of intellectual property

Subsection 104-205(3) of the Income Tax Assessment Act 1997 also reduces the cost base and reduced cost base of the item to nil if an amount was taken into account as a capital gain for the item under section 160ZZD of the Income Tax Assessment Act 1936.