INCOME TAX ASSESSMENT ACT 1997 - SECT 620.20 Disregard body's capital gains and losses from CGT assets
INCOME TAX ASSESSMENT ACT 1997 - SECT 620.20
Disregard body's capital gains and losses from CGT assets(a) the body * disposes of a * CGT asset to the company because the body ceases to exist; or
(b) another * CGT event happens to a CGT asset of the body because the body ceases to exist.
(2) A * capital gain or a * capital loss the body makes from the
* CGT asset is disregarded.