INCOME TAX ASSESSMENT ACT 1936 - SECT 408 Certain capital gains and losses disregarded
INCOME TAX ASSESSMENT ACT 1936 - SECT 408
Certain capital gains and losses disregarded If a CFC makes a capital gain or capital loss from a CGT event
that is not disregarded under Subdivision 855 - A of the
Income Tax Assessment Act 1997 , or would have made a capital gain from the
event apart from indexation, disregard the CGT event in calculating the
attributable income of the eligible CFC.