New Business Tax System (Debt and Equity) Act 2001 (163 of 2001)
Schedule 1 Debt and equity interests
Part 1 Amendment of the Income Tax Assessment Act 1997
Income Tax Assessment Act 1997
13 Section 112-70
Repeal the section, substitute:
112-70 Convertible interests
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Convertible interests |
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|---|---|---|---|
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Item |
In this situation: |
Element affected: |
See section: |
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1 |
You acquire shares, or units in a unit trust, by converting a convertible interest |
First element of cost base and reduced cost base |
130-60 |