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Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS  

Division 108 - CGT assets  

Subdivision 108-D - Separate CGT assets  

Operative provisions

SECTION 108-85  Meaning of improvement threshold  

 ITAA 36

108-85(1)  

The improvement threshold for the 1997-98 income year is $89,992.

108-85(2)  

The *improvement threshold is indexed annually.

Note:

Subdivision 960-M shows you how to index amounts.

108-85(3)  

The Commissioner must publish before the beginning of each *financial year the *improvement threshold for that year.

[ CCH Note: The following table sets out the improvement threshold for the specified financial years:
Financial yearThreshold ($)
1998/9989,992
1999/200091,072
2000/0192,802
2001/0297,721
2002/03101,239
2003/04104,377
2004/05106,882
2005/06109,447
2006/07112,512
2007/08116,337
2008/09119,594
2009/10124,258
2010/11126,619
2011/12130,418
2012/13134,200
2013/14136,884
2014/15140,443
2015/16143,392
2016/17145,401
2017/18147,582]


 



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