Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 725-210 Consequences for down interests depend on pre-shift gains and losses 725-210(1)
The consequences for a * down interest also depend on whether it has a * pre-shift gain or a * pre-shift loss.
725-210(2)
It has a pre-shift gain if, immediately before the * decrease time, its *market value was greater than its * adjustable value.
725-210(3)
It has a pre-shift loss if, immediately before the * decrease time, its *market value was equal to or less than its * adjustable value.
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