Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 104.270

             (1)  CGT event K12 happens if, in accordance with paragraph 830-50(2)(b) or (3)(b), you make a * capital loss under this section for an income year.

             (2)  The time of the event is just before the end of the income year.

             (3)  You make a capital loss equal to the amount applicable under paragraph 830-50(2)(b) or (3)(b).

Table of sections

104-500    Loss of pre-CGT status of membership interests in entity becoming subsidiary member: CGT event L1

104-505    Where pre-formation intra-group roll-over reduction results in negative allocable cost amount: CGT event L2

104-510    Where tax cost setting amounts for retained cost base assets exceeds joining allocable cost amount: CGT event L3

104-515    Where no reset cost base assets and excess of net allocable cost amount on joining: CGT event L4

104-520    Where amount remaining after step 4 of leaving allocable cost amount is negative: CGT event L5

104-525    Error in calculation of tax cost setting amount for joining entity's assets: CGT event L6

104-535    Where reduction in tax cost setting amounts for reset cost base assets cannot be allocated: CGT event L8