Errors in making tax cost setting amount calculations are reversed by means of an immediate capital gain or loss if it would be unreasonable to require the calculations to be re - done.
Table of sections
Operative provisions
705 - 305 Object of this Subdivision
705 - 310 Operation of Part IVA of the Income Tax Assessment Act 1936
705 - 315 Errors that attract special adjustment action
705 - 320 Tax cost setting amounts taken to be correct