Income Tax (Transitional Provisions) Act 1997
View history note
Hide history noteThe Income Tax Assessment Act 1997 applies as if the capital gain referred to in paragraph 713-535(2) (b), (3) (b) or (5) (b) were a discount capital gain if:
(a) the asset to which the deferral event happened is a virtual PST asset; and
(b) the asset was acquired less than 12 months before the deferral event happened; and
(c) the new event happens at least 12 months after the asset was acquired.
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