Taxation Laws Amendment Act (No. 2) 1994 (82 of 1994)

Part 3   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 4   Amendments relating to capital gains tax

Subdivision J   Rebatable dividend adjustments

66   Consideration in respect of off-market purchase

Section 159GZZZQ of the Principal Act is amended:

(a) by omitting "Where" and substituting "Subject to subsection (2), where";
          

(b) by adding at the end the following subsection:
          

"(2) For the purposes of paragraph (1)(b), if a rebatable dividend adjustment arises in relation to the share under subsection 159GZZZMA(4), the amount that the seller is taken to have received or to be entitled to receive, as consideration in respect of the sale of the share, is to be increased by the amount of the rebatable dividend adjustment.".