Taxation Laws Amendment Act (No. 4) 2002 (53 of 2002)
Schedule 2 Trust to company roll-over
Part 2 Consequential amendments
Income Tax Assessment Act 1997
3 Section 104-5 (after table item J3)
Insert:
|
J4 Trust fails to cease to exist after a roll-over under Subdivision 124-N [See section 104-195] |
when the failure happens |
market value of asset less asset's cost base |
reduced cost base of asset less asset's market value |