Income Tax Assessment Act 1997
View history note
Hide history noteTo prevent an inappropriate loss or gain from arising on realisation of an interest, this Division reduces the amount of the loss or gain (realisation time method). However, a choice can be made to adjust the interest ' s value for income tax purposes in a way that takes account of the indirect value shift (adjustable value method).
727-10(2)
This Division does not create taxing events giving rise to gains or losses.
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