INCOME TAX ASSESSMENT ACT 1997 - SECT 122.150 Capital gain or loss disregarded
INCOME TAX ASSESSMENT ACT 1997 - SECT 122.150
Capital gain or loss disregarded If the partners choose a roll - over for * disposing of their
interests in a CGT asset to the company, a * capital gain or * capital loss
any partner makes from the disposal is disregarded.