New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)
Schedule 25 Value shifting
Income Tax (Transitional Provisions) Act 1997
11 Subsection 723-1(1)
Repeal the subsection, substitute:
(1) Division 723 applies to a realisation event happening on or after 1 July 2002 to a CGT asset that, at the time of the event:
(a) is not a depreciating asset; or
(b) is an item of trading stock; or
(c) is a revenue asset.
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).
