INCOME TAX ASSESSMENT ACT 1997 - SECT 152.430 15 - year rule has priority

INCOME TAX ASSESSMENT ACT 1997 - SECT 152.430

    This Subdivision does not apply to a * capital gain to which Subdivision   152 - B (15 - year exemption) applies.

Note:   Under that Subdivision, such a gain is entirely disregarded, so there is no need for any further concession to apply.

Table of Subdivisions

  Guide to Division   160

160 - A   Entitlement to and amount of loss carry back tax offset

160 - B   Loss carry back choice