Taxation Laws Amendment Act (No. 7) 2000 (173 of 2000)
Schedule 4 Minor CGT changes
Income Tax (Transitional Provisions) Act 1997
63 Before section 104-210
Insert:
104-205 Partial realisation of intellectual property
Subsection 104-205(3) of the Income Tax Assessment Act 1997 also reduces the cost base and reduced cost base of the item to nil if an amount was taken into account as a capital gain for the item under section 160ZZD of the Income Tax Assessment Act 1936.
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