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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS  

Division 125 - Demerger relief    View history reference

Subdivision 125-C - Consequences for members of demerger group    View history reference

Operative provisions

SECTION 125-155  

125-155  Certain capital gains or losses disregarded for demerging entity  

 View history reference
Any *capital gain or *capital loss a *demerging entity makes from *CGT event A1, *CGT event C2, *CGT event C3 or *CGT event K6 happening to its *ownership interests in a *demerged entity under a *demerger is disregarded.

Note 1:

The full list of CGT events is in section 104-5.

Note 2:

This section will not apply if section 125-100 applies.


 



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