Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 408

    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.