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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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