INCOME TAX ASSESSMENT ACT 1997 - SECT 118.500 What this Subdivision is about
INCOME TAX ASSESSMENT ACT 1997 - SECT 118.500
What this Subdivision is aboutA foreign resident tax exempt pension fund that invests in venture capital equity in an Australian company or fixed trust (a resident investment vehicle) can disregard a capital gain or capital loss it makes from a CGT event that happens to that equity if:
(a) the entity is registered under the Pooled Development Funds Act 1992 ; and
(b) the entity owned the equity for at least 12 months.
118 - 505 Exemption for certain foreign venture capital
118 - 510 Meaning of resident investment vehicle
118 - 515 Meaning of venture capital entity
118 - 520 Meaning of superannuation fund for foreign residents
118 - 525 Meaning of venture capital equity