Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 149.35

  (1)   This section affects the * cost base and * reduced cost base of the asset if it stops being a * pre - CGT asset.

  (2)   The first element of each is the asset's * market value at the time referred to in subsection   149 - 30(1).

Table of sections

149 - 50   Which entities are affected

149 - 55   Entity to give the Commissioner evidence periodically as to whether asset still has same majority underlying ownership

149 - 60   What the evidence must show

149 - 70   Effects if asset no longer has same majority underlying ownership

149 - 75   Cost base elements of asset that stops being a pre - CGT asset

149 - 80   No more evidence needed after asset stops being a pre - CGT asset