s 880-15
In forceSovereign entity’s capital gain from membership interest etc.—gain disregarded
Chapter 4International aspects of income tax
Part 4-5General
Division 880Sovereign entities and activities
880-15 Sovereign entity’s capital gain from membership interest etc.—gain disregarded
Disregard a capital gain of a sovereign entity from a CGT event that happens in relation to a CGT asset if:
(a)
the capital gain arises under a scheme; and
(b)
the CGT asset is a membership interest, non‑share equity interest or debt interest in another entity; and
(c)
the requirements in paragraphs 880‑5(b) to (g) are satisfied (on the assumption that references in those paragraphs to the investment asset were references to the CGT asset).
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