Income Tax Assessment Act 1997
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Hide history noteSECTION 118-260 Partial exemption rules 118-260(1)
If section 118-245 applies to a *CGT event, the amount of the *capital gain or *capital loss that you would have made apart from this section from the CGT event is increased by an amount that is reasonable having regard to the following:
(a) the extent that the *dwelling was not a main residence for the relevant period;
(b) the extent that the dwelling was used for the *purpose of producing assessable income during the relevant period.
118-260(2)
In determining what is a reasonable increase, have regard to the principles in this Subdivision applicable to *CGT events happening in relation to a *dwelling or your *ownership interest in it.
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