Tax Laws Amendment (2010 Measures No. 4) Act 2010 (136 of 2010)
Schedule 2 CGT treatment of water entitlements and termination fees
Part 2 CGT treatment of termination fees
Income Tax Assessment Act 1997
8 At the end of section 110-35 (after the note)
Add:
(11) The tenth is termination or other similar fees incurred as a direct result of your ownership of a *CGT asset ending.
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).
