Commonwealth Numbered Acts

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INCOME TAX ASSESSMENT AMENDMENT (CAPITAL GAINS) ACT 1986 No. 52 of 1986 - SECT 10

10. Before section 51 of the Principal Act the following section is inserted
in Subdivision A of Division 3 of Part III: Deductions not allowable in
certain circumstances

"51AAA. Where-

   (a)  an amount is included in the assessable income of a taxpayer of a year
        of income by section 160zo;

   (b)  a deduction would, but for this section, be allowable under this
        Subdivision to the taxpayer; and

   (c)  if the amount had not been included in the assessable income the
        deduction would not be allowable, the deduction is not allowable.". 


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