Document ID: chunk:federal_register_of_legislation:C2015C00309:clause:8_21
Version: federal_register_of_legislation:C2015C00309
Segment Type: clause
Provision Reference: sch 8 cl 21
Character Range: 45398–46099

21  After subsection 230‑170(2)
Insert:
 (2A) Subsections (1) and (2) do not apply to a part of a gain or loss if:
 (a) subsection 230‑100(3A) or 230‑130(4A) applies to the gain or loss; and
 (b) that part of the gain or loss is allocated to an interval under section 230‑135; and
 (c) that interval ends before or during the income year during which the gain or loss becomes sufficiently certain (as mentioned in paragraph 230‑100(3A)(b) or 230‑130(4A)(f), whichever is applicable).
Instead, you are taken, for the purposes of section 230‑15, to make, for that income year, a gain or loss equal to that part of that gain or loss.

Division 4—Spreading single payment

Income Tax Assessment Act 1997