INCOME TAX ASSESSMENT ACT 1997 - SECT 719.565 Setting cost of reset interests

INCOME TAX ASSESSMENT ACT 1997 - SECT 719.565

CGT provisions--cost base

  (1)   If Part   3.1 or 3.3 is to apply in relation to a reset interest, the Part applies as if the interest's * cost base were increased or reduced so that the cost base just before the trigger time equals the cost setting amount worked out under section   719 - 570.

CGT provisions--reduced cost base

  (2)   If Part   3.1 or 3.3 is to apply in relation to a reset interest, the Part applies as if the interest's * reduced cost base were increased or reduced so that the reduced cost base just before the trigger time equals the cost setting amount worked out under section   719 - 570.

Other provisions

  (3)   If a provision of this Act (other than Part   3.1 or 3.3) is to apply in relation to a reset interest, the provision applies as if the interest's cost just before the trigger time were equal to the cost setting amount worked out under section   719 - 570.