Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 725.210

Consequences for down interests depend on pre - shift gains and losses

  (1)   The consequences for a * down interest also depend on whether it has a * pre - shift gain or a * pre - shift loss.

  (2)   It has a pre - shift gain if, immediately before the * decrease time, its * market value was greater than its * adjustable value.

  (3)   It has a pre - shift loss if, immediately before the * decrease time, its * market value was equal to or less than its * adjustable value.

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