Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS  

Division 115 - Discount capital gains and trusts ' net capital gains  

Subdivision 115-A - Discount capital gains  

What is a discount capital gain?

SECTION 115-5  

115-5   What is a discount capital gain ?  

A discount capital gain is a *capital gain that meets the requirements of sections 115-10 , 115-15 , 115-20 and 115-25 .

Note:

Sections 115-40 , 115-45 and 775-70 identify capital gains that are not discount capital gains, despite this section.