New International Tax Arrangements (Participation Exemption and Other Measures) Act 2004 (96 of 2004)
Schedule 1 CGT concession: active foreign companies
Income Tax Assessment Act 1997
2 Section 102-30 (after table item 11)
Insert:
|
12 |
A company |
The capital gain or capital loss a company makes from a CGT event that happened to a share in a company that is a foreign resident may be reduced. |
Subdivision 768-G |