Pt 3-1 inserted by No 46 of 1998.
Div 104 inserted by No 46 of 1998.
SECTION 104-90 Disposal by beneficiary of capital interest: CGT event E8
(a) you are the beneficiary under a trust (except a unit trust or a trust to which Division 128 applies); and
(b) you did not give any money or property to *acquire the *CGT asset that is your interest in the trust capital and you did not acquire it by assignment; and
(c) you *dispose of the interest, or part of it (but not to the trustee).
Division 128 deals with the effect of death.
(a) when you enter into the contract for the *disposal; or
(b) if there is no contract - when you stop owning the interest or part.
You work out if you have made a capital gain or capital loss under sections 104-95 and 104-100.
There is a special indexation rule for this event: see section 114-10.
S 104-90 inserted by No 46 of 1998.