Income Tax (Transitional Provisions) Act 1997

CHAPTER 6 - THE DICTIONARY  

PART 6-1 - CONCEPTS AND TOPICS  

Division 960 - General  

Subdivision 960-M - Indexation  

SECTION 960-275   Indexation factor  

960-275(1)    
This section applies to a CGT asset that:


(a) is a share in a company that was issued or allotted to you by the company or a unit in a unit trust that was issued to you by the trustee; and


(b) you acquired before 16 August 1989; and


(c) you owned just before the start of the 1998-99 income year.

960-275(2)    
In working out the cost base of the cost base of the asset, you ignore subsection 960-275(3) and use the indexation factor in subsection 960-275(2) .





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