INCOME TAX ASSESSMENT ACT 1997 - SECT 149.75 Cost base elements of asset that stops being a pre - CGT asset
INCOME TAX ASSESSMENT ACT 1997 - SECT 149.75
Cost base elements of asset that stops being a pre - CGT asset(1) This section affects the * cost base and * reduced cost base of the asset if it stops being a * pre - CGT asset.
(2) The first element of each is the asset's * market value
at the time referred to in subsection 149 - 70(2).