Cost base date amendment changes valuation baseline, altering capital gains computation from the later commencement date. The amendment substitutes the earlier statutory commencement reference in Section 55 with a later commencement reference, changing the baseline date used to measure acquisition and holding periods for capital gains cost base computation and applying from the specified commencement, without altering other calculation mechanics of the section.
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Cost base date amendment changes valuation baseline, altering capital gains computation from the later commencement date.
The amendment substitutes the earlier statutory commencement reference in Section 55 with a later commencement reference, changing the baseline date used to measure acquisition and holding periods for capital gains cost base computation and applying from the specified commencement, without altering other calculation mechanics of the section.
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