chapter C2.

End of example

Example 16: Mei-Ling made a capital gain from some shares she bought after 11.45am (by legal time in the ACT) on 21 September 1999 and sold more than 12 months later. She also has a net capital loss from an earlier income year.

Mei-Ling bought 400 shares in TKY Ltd for $15,000 in October 1999 and sold them for $23,000 last February. The sale is a CGT event. She also has a net capital loss of $1,000 from an earlier income year that has not been applied against later year capital gains.

As she bought the shares after 21 September 1999, Mei-Ling cannot use the indexation method. However, as she owned the shares for more than 12 months, she can use the discount method. Her capital gain1990s, YaNOS has regularly been upgrading the production facilities, increasing the operations safety and decreasing the adverse impact on the environment. During this period, more than two tens of major refining facilities were revamped and built; thus, a high-end advanced oil processing plant, consisting of hydro-cracking, visbreaking and catalytic reforming (with continuous catalyst regeneration) units, was constructed.

In 2005, YaNOS became the first Russian refinery to master production of Premium Euro-95 gasoline and diesel oil with the sulfur content of 50 ppm under the Euro-4 standards. In 2006, the Refinery launched a new product line – eco-friendly EN 590 diesel oil with the ultra-low sulfur content of 10 ppm. In 2011, YaNOS completed construction of the Izomalk С5-С6 Fraction Isomerization Unit and Cat-Cracked Gasoline Hydrotreatment Unit. Commissioning of these