Taxation Laws Amendment Act (No. 1) 2004 (101 of 2004)
Schedule 10 Foreign hybrids
Part 2 Amendment of the Income Tax Assessment Act 1997
12 At the end of Subdivision 104-K
Add:
104-270 Foreign hybrids: CGT event K12
(1) CGT event K12 happens if, in accordance with paragraph 830-50(2)(b) or (3)(b), you make a *capital loss under this section for an income year.
(2) The time of the event is just before the end of the income year.
(3) You make a capital loss equal to the amount applicable under paragraph 830-50(2)(b) or (3)(b).
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