Document ID: chunk:federal_register_of_legislation:C2019A00015:clause:1_29
Version: federal_register_of_legislation:C2019A00015
Segment Type: clause
Provision Reference: sch 1 cl 29
Character Range: 12004–12576

29  Paragraph 12A‑110(3)(b) in Schedule 1
Repeal the paragraph, substitute:
 (b) the total of each *capital loss of the AMIT from a *CGT event that:
 (i) happened in the income year to a CGT asset that is not taxable Australian property; and
 (ii) has been applied against a capital gain from a CGT event that happened in relation to a CGT asset that is taxable Australian property;
  but only to the extent that each such capital loss has been so applied in the income year;
 (c) the total of each amount to which subsection (3A) applies in relation to the income year.