Tax Laws Amendment (Small Business) Act 2007 (80 of 2007)

Schedule 4   Capital gains tax small business concessions

Part 1   Main amendments

Income Tax Assessment Act 1997

24   Subsection 165-115GC(8)

Omit “because of the $10,000 or small business entity exclusions”, substitute “because of the $10,000 exclusion, or because you satisfy the maximum net asset value test in section 152-15”.


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