Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)
Schedule 1 Tax preferred entities (asset financing)
Part 2 Consequential amendments
Taxation Administration Act 1953
70 After subsection 45-330(2A) in Schedule 1
Insert:
Amounts assessable under Subdivision 250-E of the Income Tax Assessment Act 1997
(2AA) To avoid doubt, paragraph (1)(a) does not apply to a *net capital gain that is included in your assessable income under Subdivision 250-E of the Income Tax Assessment Act 1997.
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