INCOME TAX ASSESSMENT ACT 1997 - SECT 723.40 Application to CGT asset that is also trading stock or revenue asset
INCOME TAX ASSESSMENT ACT 1997 - SECT 723.40
Application to CGT asset that is also trading stock or revenue asset If a * CGT asset you own is also an item of your * trading stock
or a * revenue asset, this Division applies to the asset once in its character
as a CGT asset and again in its character as trading stock or a revenue asset.