Examples of ITAA 1997 in a sentence

However, to the extent that a gain from dealing in a CFD as a result of a CGT Event is assessable under section 6-5 or 15-15 of ITAA 1997, a capital gain arising from the event is reduced (section 118-20 of ITAA 1997).
However, it may well be that he will adopt the view that currency CFDs fall under Division 775 of ITAA 1997, because not only is the physical currency caught, but also a right to receive foreign currency, with an extended definition which would appear to include cash-settled margin foreign exchange contracts.
However, to the extent that a gain from dealing in a CFD (or a Margin FX Contract) as a result of a CGT Event is assessable under section 6-5 or 15-15 of ITAA 1997, a capital gain arising from the event is reduced (section 118-20 of ITAA 1997).
The following matters are also relevant when dealing in CFDs (or Margin FX Contracts).CAPITAL GAINS TAXCFDs (including Margin FX Contracts) may constitute CGT assets under section 108-5 of ITAA 1997.
The Commissioner is also of the view that a capital gain or a capital loss from a CFD entered into for the purpose of recreation by gambling will be disregarded under paragraph 118-37 (1)(c) of ITAA 1997.

More Definitions of ITAA 1997

ITAA 1997 means the Income Tax Assessment Act 1997 of Australia.

ITAA 1997 means Income Tax Assessment Act 1997 (Cth), as amended from time to time, or any statute, code or provision enacted in its place, and includes regulations and other instruments under it;

ITAA 1997 means the Income Tax Assessment Act 1997 (Cth). “knowledge” will be deemed to be, as the case may be, the actual knowledge of (a) the Persons listed in Section 9.6(a) of the Anaconda Disclosure Letter with respect to Anaconda, or (b) the Persons listed in Section 9.6(a) of the Lion Disclosure Letter with respect to Lion.

ITAA 1997 means the Income Tax Assessment Act 1997 (as amended) and includes regulations made pursuant to the said Act

ITAA 1997 has the meaning set forth in Section 5.17(e).