Taxation Laws Amendment (Venture Capital) Act 2002 (136 of 2002)
Schedule 3 Capital gains tax treatment of carried interests
Income Tax Assessment Act 1997
15 At the end of section 136-15
Add:
(3) You make a *capital gain from *CGT event K9 (about carried interests) only if one of the items in this table is satisfied.
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CGT event K9 |
||
|---|---|---|
|
Item |
In this situation: |
This requirement is satisfied: |
|
1 |
The *capital proceeds from the event would have been your *ordinary income if section 118-21 did not apply |
The proceeds are *derived from an *Australian source |
|
2 |
The *capital proceeds from the event would not have been your *ordinary income even if section 118-21 did not apply |
If the proceeds were your *ordinary income, they would have been *derived from an *Australian source |