Pt 3-1 inserted by No 46 of 1998.
Div 116 inserted by No 46 of 1998.
The capital proceeds are reduced by the unpaid amount.
You sell a painting to another entity for $5,000 (the capital proceeds). You agree to accept monthly instalments of $100.
You receive $2,000, but then the other entity stops making payments. It becomes clear that you are not likely to receive the remaining $3,000. The capital proceeds are reduced to $2,000.
Those proceeds are increased by that part.
S 116-45 inserted by No 46 of 1998.