Taxation Laws Amendment (Venture Capital) Act 2002 (136 of 2002)
Schedule 3 Capital gains tax treatment of carried interests
Income Tax Assessment Act 1997
4 Section 104-5 (after table row relating to event number K8)
Insert:
|
K9 Entitlement to receive payment of a carried interest [See section 104-255] |
when you become entitled to receive payment |
capital proceeds from entitlement |
no capital loss |