Treasury Laws Amendment (2018 Measures No. 2) Act 2020 (8 of 2020)
Schedule 2 Innovation measures
Part 1 Venture capital investments
Income Tax Assessment Act 1997
1 Subsection 118-408(2) (at the end of the definition of valuation year capital gain)
Add:
Work out the capital gain based on what the *capital proceeds would have been, and on other matters relating to the amount of the gain being determined on a reasonable basis, if the CGT event resulting in the gain had happened at the end of that period.
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