Income Tax Assessment Act 1997
CHAPTER 3
-
SPECIALIST LIABILITY RULES
PART 3-1
-
CAPITAL GAINS AND LOSSES: GENERAL TOPICS
Division 118
-
Exemptions
Subdivision 118-A
-
General exemptions
Exempt or loss-denying transactions
SECTION 118-65 118-65 Later distributions of personal services income
A *capital loss you make from a payment is disregarded if it is a payment to any entity of:
(a) *personal services income included in an individual's assessable income under section 86-15 ; or
(b) any other amount that is attributable to that income.
View history note
Hide history noteSECTION 118-65 118-65 Later distributions of personal services income
A *capital loss you make from a payment is disregarded if it is a payment to any entity of:
(a) *personal services income included in an individual's assessable income under section 86-15 ; or
(b) any other amount that is attributable to that income.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.