INCOME TAX ASSESSMENT ACT 1997 - SECT 108.25 Sets of personal use assets

INCOME TAX ASSESSMENT ACT 1997 - SECT 108.25

  (1)   This section sets out what happens if:

  (a)   you own * personal use assets that are a set; and

  (b)   they would ordinarily be * disposed of as a set; and

  (c)   you dispose of them in one or more transactions for the purpose of trying to obtain the exemption in section   118 - 10.

  (2)   The set of * personal use assets is taken to be a single * personal use asset and each of your * disposals is a disposal of part of that asset.