s 140-7
In forcePre‑1994 share value shifts irrelevant
Chapter 3Specialist liability rules
Part 3-3Capital gains and losses: special topics
Division 140Share value shifting
Subdivision 140-AWhen is there share value shifting?
140-7 Pre‑1994 share value shifts irrelevant
You make adjustments to the cost base and reduced cost base of shares under Division 140 of the Income Tax Assessment Act 1997 only in relation to schemes where the decrease in market value and increase in market value occur after 12 noon, by legal time in the Australian Capital Territory, on 12 January 1994.
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