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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

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

Division 109 - Acquisition of CGT assets  

Subdivision 109-A - Operative rules  

SECTION 109-10  

109-10  When you acquire a CGT asset without a CGT event  

 View history reference ITAA 36
This table sets out some specific rules for the circumstances in which, and the time at which, you acquire a *CGT asset otherwise than as a result of a *CGT event happening.
Acquisition rules (no CGT event)
ItemIn these circumstances:You acquire the asset at this time:
1You (or your *agent) construct or create a *CGT asset, and you own it when the construction is finished or the asset is createdwhen the construction, or work that resulted in the creation, started
...........
2A company issues or allots *equity interests or *non-equity shares in the company to youwhen contract is entered into or, if none, when equity interests or non-equity shares issued or allotted
...........
3A trustee of a unit trust issues units in the trust to youwhen contract is entered into or, if none, when units issued


 



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