Document ID: chunk:federal_register_of_legislation:C2016A00054:clause:2_8
Version: federal_register_of_legislation:C2016A00054
Segment Type: clause
Provision Reference: sch 2 cl 8
Character Range: 42805–43315

8  After subsection 51‑54(1)
Insert:
 (1A) An entity's share of any gain or profit made:
 (a) by an *ESVCLP that is *unconditionally registered; and
 (b) from the disposal or other realisation of an *eligible venture capital investment;
is exempt from income tax to the extent that, were that disposal or other realisation to be a *disposal of a *CGT asset, the equivalent *capital gain arising from the *CGT event would be disregarded because of a partial exemption from the CGT event under section 118‑408.