Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005)

Schedule 10   Technical corrections and amendments

Part 1   Technical corrections and amendments commencing on Royal Assent

Income Tax Assessment Act 1997

51   Subsection 104-47(5) (at the end of the example)

Add:

She reduces the cost base of the land by the part that is apportioned to the covenant:

$200,000 - $6,780 = $193,220