Document ID: chunk:federal_register_of_legislation:C2025C00014:section:159gy
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 159GY
Character Range: 1448983–1449575

159GY  Effect of Division where qualifying security is trading stock
  No amount shall be included in, or allowable as a deduction from, the assessable income of a taxpayer:
 (a) under section 159GQ in relation to a qualifying security in respect of any year or part of a year of income during which the qualifying security forms part of the trading stock of the taxpayer; or
 (c) under section 159GS in relation to the transfer of a qualifying security by the taxpayer where, immediately before the transfer, the qualifying security was or formed part of the trading stock of the taxpayer.