Statute
Section 408 — Income Tax Assessment Act 1936: Certain capital gains and losses disregarded
Text of the provision Official document
If a CFC makes a capital gain or capital loss from a CGT event that is not disregarded under Subdivision 855-A of the Income Tax Assessment Act 1997, or would have made a capital gain from the event apart from indexation, disregard the CGT event in calculating the attributable income of the eligible CFC.
Official source: Federal Register of Legislation
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