Document ID: chunk:federal_register_of_legislation:C2019A00015:clause:1_5
Version: federal_register_of_legislation:C2019A00015
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 4598–5076

5  Subsection 104‑107A(3)
Repeal the subsection, substitute:
 (3) You make a capital gain equal to:
 (a) if the *cost base of the asset is nil—the excess mentioned in paragraph 104‑107C(a); or
 (b) if the cost base of the asset is not nil—the excess mentioned in paragraph (1)(d) of this section.
Note 1: If you make a capital gain, the cost base and reduced cost base of the CGT asset are reduced to nil (see paragraph 104‑107B(2)(a)).
Note 2: You cannot make a capital loss.