Section 74

INCOME TAX: CARRY FORWARD OF RELIEF

1  Part 7 of ITA 2007 (community investment tax relief) is amended as follows.

2  [Amends ITA 2007, s. 335(3).]

3  [Inserts ITA 2007, s. 335A.]

4  [Inserts ITA 2007, s. 357(4A).]

5(1)  Section 361 (disposal of securities or shares during 5 year period) is amended as follows.

5(2)  [Substitutes ITA 2007, s. 361(3) and inserts (3A)–(3H).]

5(3)  [Omits ITA 2007, s. 361(5) to (7).]

Related Commentary  

6  The amendments made by paragraphs 1 to 5 above have effect in relation to investments made on or after 6 April 2013.

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