Document ID: chunk:federal_register_of_legislation:C2010C00610:clause:2_26
Version: federal_register_of_legislation:C2010C00610
Segment Type: clause
Provision Reference: sch 2 cl 26
Character Range: 17156–17634

26  Subsection 284‑150(3) in Schedule 1
Insert:

tax on capital gain means the product of:
 (a) the *capital gain that the *head company makes as a result of *CGT event L6 happening as mentioned in section 104‑525 of the Income Tax Assessment Act 1997; and
 (b) the *corporate tax rate in respect of taxable income for the income year in which that CGT event happens.

Part 7—Extension of certain consolidation provisions to cover MEC groups

Income Tax Assessment Act 1997