INCOME TAX ASSESSMENT ACT 1997 - SECT 104.107C AMIT cost base net amount
INCOME TAX ASSESSMENT ACT 1997 - SECT 104.107C
AMIT cost base net amountThe * CGT asset's AMIT cost base net amount for the income year is:
(a) if the CGT asset's * AMIT cost base reduction amount for the income year exceeds the CGT asset's * AMIT cost base increase amount for the income year--the amount of the excess; or
(b) if the CGT asset's AMIT cost base reduction amount for
the income year falls short of the CGT asset's AMIT cost base increase
amount for the income year--the amount of the shortfall.