Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 104.107C

    The * CGT asset's AMIT cost base net amount for the income year is:

  (a)   if the CGT asset's * AMIT cost base reduction amount for the income year exceeds the CGT asset's * AMIT cost base increase amount for the income year--the amount of the excess; or

  (b)   if the CGT asset's AMIT cost base reduction amount for the income year falls short of the CGT asset's AMIT cost base increase amount for the income year--the amount of the shortfall.