Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 104.25

    The capital proceeds from an ending referred to in subsection   104 - 25(3) of the Income Tax Assessment Act 1997 in relation to shares are reduced by any amount that was taken into account as a capital gain for the shares under former section   160ZL of the Income Tax Assessment Act 1936 for the 1997 - 98 income year or an earlier income year.

Table of sections

104 - 40   Granting an option