New Business Tax System (Debt and Equity) Act 2001 (163 of 2001)
Schedule 1 Debt and equity interests
Part 1 Amendment of the Income Tax Assessment Act 1997
Income Tax Assessment Act 1997
13 Section 112-70
Repeal the section, substitute:
112-70 Convertible interests
|
Convertible interests |
|||
|---|---|---|---|
|
Item |
In this situation: |
Element affected: |
See section: |
|
1 |
You acquire shares, or units in a unit trust, by converting a convertible interest |
First element of cost base and reduced cost base |
130-60 |
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
