Amendment to Section 50 updates the capital-gains cutoff date, changing the reference and effective date. Amendment replaces the earlier statutory cutoff date used for determining the applicability of the capital gains provision by substituting the prior ... Summary
Amendment to Section 50 updates the capital-gains cutoff date, changing the reference and effective date.
Amendment replaces the earlier statutory cutoff date used for determining the applicability of the capital gains provision by substituting the prior reference date with a later reference date, with the substitution taking effect from a specified commencement date and thereby altering the temporal scope of transactions captured under the provision.
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