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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

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

Division 115 - Discount capital gains and trusts' net capital gains    View history reference

Subdivision 115-A - Discount capital gains    View history reference

What is a discount capital gain?

SECTION 115-10  

115-10  Who can make a discount capital gain?  

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To be a *discount capital gain, the *capital gain must be made by:


(a) an individual; or


(b) a *complying superannuation entity; or


(c) a trust; or


(d) a *life insurance company in relation to a *discount capital gain from a *CGT event in respect of a *CGT asset that is a *complying superannuation asset.

Archived:

S 115-10 (note) repealed as inoperative by No 101 of 2006, s 3 and Sch 1 item 235, effective 14 September 2006. For application and savings provisions and for former wording see the CCH Australian Income Tax Legislation archive.

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