Document ID: chunk:federal_register_of_legislation:C2010C00613:clause:5_3
Version: federal_register_of_legislation:C2010C00613
Segment Type: clause
Provision Reference: sch 5 cl 3
Character Range: 20000–20583

3  At the end of Division 103
Add:

103‑30  Reduction of cost base etc. by net input tax credits

  Reduce the *cost base and *reduced cost base of a *CGT asset, and any other amount that could be involved in the calculation of an entity's *capital gain or *capital loss, by the amount of any *net input tax credit of the entity in relation to that amount.

Example: The other amount could be expenditure in the case of some CGT events (see, for example, CGT event D1).

Note: Subsection 116‑20(5) deals with the effect of net GST on supplies for the purposes of capital proceeds.