INCOME TAX ASSESSMENT ACT 1997 - SECT 715.155 When asset leaves pool
INCOME TAX ASSESSMENT ACT 1997 - SECT 715.155
When asset leaves poolA * CGT asset leaves a * loss denial pool:
(a) just after a * realisation event happens to the asset, unless the realisation event is the ending of an income year (in the case of an item of * trading stock); or
(b) as mentioned in subsection 715 - 120(2) (when it
becomes an asset of the leaving entity).