INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 3 - Deductions  

Subdivision A - General  

SECTION 62AAU  

62AAU   DISPOSAL OF POOLED PROPERTY - APPLICATION OF CGT PROVISIONS  
If:

(a) property is allocated by a taxpayer to a pool for a year of income (in this section called the ``current year of income'' ); and

(b) the property is disposed of (within the meaning of Part IIIA );

section 160ZK applies to the disposal of the property as if the reconstruction assumptions had applied for each year of income for which the property was allocated to the pool.

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