Income Tax Assessment Act 1997
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Hide history noteSECTION 125-155 125-155 Certain capital gains or losses disregarded for demerging entity
Any *capital gain or *capital loss a *demerging entity makes from *CGT event A1, *CGT event C2, *CGT event C3 or *CGT event K6 happening to its *ownership interests in a *demerged entity under a *demerger is disregarded.
Note 1:
The full list of CGT events is in section 104-5 .
Note 2:
This section will not apply if section 125-100 applies.
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