Income Tax Assessment Act 1997
View history note
Hide history noteThis section sets out what happens if:
(a) you own *personal use assets that are a set; and
(b) they would ordinarily be *disposed of as a set; and
(c) you dispose of them in one or more transactions for the purpose of trying to obtain the exemption in section 118-10 .
108-25(2)
The set of *personal use assets is taken to be a single *personal use asset and each of your *disposals is a disposal of part of that asset.
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