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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS  

Division 108 - CGT assets  

Subdivision 108-A - What a CGT asset is  

SECTION 108-7  

108-7  Interest in CGT assets as joint tenants  

 ITAA 36
Individuals who own a *CGT asset as joint tenants are treated as if they each owned a separate CGT asset constituted by an equal interest in the asset and as if each of them held that interest as a tenant in common.

Note:

Section 128-50 contains rules that apply when a joint tenant dies.


 



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