INCOME TAX ASSESSMENT ACT 1997 - SECT 125.155 Certain capital gains or losses disregarded for demerging entity

INCOME TAX ASSESSMENT ACT 1997 - SECT 125.155

    Any * capital gain or * capital loss a * demerging entity makes from * CGT event A1, * CGT event C2, * CGT event C3 or * CGT event K6 happening to its * ownership interests in a * demerged entity under a * demerger is disregarded.

Note 1:   The full list of CGT events is in section   104 - 5.

Note 2:   This section will not apply if section   125 - 100 applies.