Document ID: chunk:federal_register_of_legislation:C2004C00958:clause:2_178
Version: federal_register_of_legislation:C2004C00958
Segment Type: clause
Provision Reference: sch 2 cl 178
Character Range: 795033–795798

178  Subsection 110(1)
Insert:

overall non‑exempt capital gain means:

 (a) for the general fund class—the amount by which the total of the non‑exempt ordinary capital gains for that class exceeds the total of the ordinary capital losses for that class; or

 (b) for the CS/RA class—the amount by which the total non‑exempt modified capital gain for that class exceeds the total modified capital loss for that class; or

 (c) for any other class—the amount by which the total non‑exempt ordinary capital gain for that class exceeds the total ordinary capital loss for that class;

or, if an amount has been applied under subsection 116CD(3) to reduce an overall non‑exempt capital gain previously worked out under this definition, that gain as so reduced.