Income Tax Assessment Act 1997
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Hide history noteSECTION 245-185 245-185 Relevant cost bases of investments in associated entities are reduced last
If your *CGT assets that are subject to reduction under section 245-175 include investments in, or in relation to, an *associate of yours (including *membership interests, or *debt interests, in your associate), the:
(a) *cost base; and
(b) *reduced cost base;
of those assets are not subject to reduction under section 245-175 until the *total net forgiven amount (if any) remaining has been applied, to the maximum extent possible, in reduction of the cost bases of your other CGT assets.
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