Document ID: chunk:federal_register_of_legislation:C2010C00616:clause:3_65
Version: federal_register_of_legislation:C2010C00616
Segment Type: clause
Provision Reference: sch 3 cl 65
Character Range: 26373–26907

65  Subsection 115‑20(1)
Repeal the subsection, substitute:

 (1) To be a *discount capital gain, the *capital gain must have been worked out:
 (a) using a *cost base that has been calculated without reference to indexation at any time; or
 (b) for a capital gain that arose under *CGT event K7—using the *cost of the *depreciating asset concerned.

Note: A listed investment company must also calculate capital gains without reference to indexation in order to allow its shareholders to access the concessions in Subdivision 115‑D.