Tax and Superannuation Laws Amendment (2015 Measures No. 6) Act 2016 (10 of 2016)

Schedule 1   CGT treatment of earnout rights

Part 5   Amendments relating to foreign resident capital gains withholding payments

Taxation Administration Act 1953

40   Subparagraph 14-200(3)(a)(i) in Schedule 1

Repeal the subparagraph, substitute:

(i) the first element of the *CGT asset's *cost base just after the *acquisition, ignoring paragraphs 112-36(1)(b) and (c) of the Income Tax Assessment Act 1997 (about the effect of look-through earnout rights); less