Taxation Laws Amendment Act (No. 1) 2004 (101 of 2004)

Schedule 10   Foreign hybrids

Part 2   Amendment of the Income Tax Assessment Act 1997

12   At the end of Subdivision 104-K

Add:

104-270 Foreign hybrids: CGT event K12

(1) CGT event K12 happens if, in accordance with paragraph 830-50(2)(b) or (3)(b), you make a *capital loss under this section for an income year.

(2) The time of the event is just before the end of the income year.

(3) You make a capital loss equal to the amount applicable under paragraph 830-50(2)(b) or (3)(b).