Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)

Schedule 6   Miscellaneous amendments

Part 2   Small business retirement exemption

2   Division 2 - Related amendments

Income Tax Assessment Act 1997
11   Section 12-5 (table item headed "capital gains tax")

After:

no deduction for an amount that would otherwise be deductible only because a net capital gain is included in assessable income



51AAA

insert:

small business retirement exemption, no deduction for payments made directly or indirectly to CGT concession stakeholder so company or trust complies with section 152-325




152-310

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