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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-B - Signposts to other acquisition rules  

SECTION 109-60  

109-60  Acquisition rules outside this Part and Part 3-3  

 View history reference [No equivalent]
This table sets out other acquisition rules outside this Part and Part 3-3.

Provisions of the Income Tax Assessment Act 1936 are in bold.
Other acquisition rules
ItemIn these circumstances:The asset is acquired at this time:See:
1CGT event happens to Cocos (Keeling) Islands asset30 June 1991subsection 102-25(1) of the Income Tax (Transitional Provisions) Act 1997
...........
1A(Repealed by No 20 of 2016)  
...........
2Lender acquires a replacement securitybefore 20 September 1985subsection 26BC(6A)
...........
3Trust ceases to be a resident trust for CGT purposes and there is an attributable taxpayerwhen it ceasessection 102AAZBA
...........
4CGT event happens to CGT asset in connection with the demutualisation of an insurance company except a friendly society health or life insureron the demutualisation resolution daysection 121AS
...........
5CGT event happens to assets of NSW State Bankat the first taxing timesection 121EN
...........
6You own shares in a company that stops being a PDFjust after it stopssection 124ZR
...........
7You acquire a number of shares that results in you obtaining a 10% (threshold) interest in a SMEwhen you obtained the threshold interestsection 128TI
...........
8A CGT asset of a CFC (that it owned on its commencing day)on the CFC's commencing daysection 411
...........
9A CGT asset is owned by a tax exempt entity and it becomes taxableat the transition timesection 57-25 in Schedule 2D
...........
10CGT event happens to CGT asset in connection with the demutualisation of a mutual entity other than an insurance company, health insurer and friendly society health or life insureron the demutualisation resolution dayDivision 326 in Schedule 2H
...........
11You stop holding an item as trading stockwhen you stopparagraph 70-110(1)(b)
...........
11AYou acquire an *ESS interest and Subdivision 83A-C (about employee share schemes) applies to the interestat the *ESS deferred taxing point for the interestsection 83A-125
...........
12CGT event happens to 30 June 1988 asset of complying superannuation fund, complying approved deposit fund or pooled superannuation trust30 June 1988section 295-90
...........
13You are issued with a share or right under a demutualisation of a health insurer except a friendly society health or life insurerthe time the share or right is issuedsections 315-80, 315-210 and 315-260
...........
14You are transferred a share or right by a lost policy holders trust under a demutualisation of a health insurer except a friendly society health or life insurerthe time the share or right is issuedsections 315-145, 315-210 and 315-260
...........
14AYou are issued with a share, or a right to acquire shares, under a demutualisation of a friendly society health or life insurerthe time the share or right is issuedsection 316-105
...........
14BYou are transferred a share, or right to acquire shares, by a lost policy holders trust under a demutualisation of a friendly society health or life insurerthe time the share or right is issued to the trusteesection 316-170
...........
15A CGT asset is transferred to or from a life insurance company's complying superannuation asset poolat the time of the transferDivision 320
...........
16A CGT asset is transferred to or from the segregated exempt assets of a life insurance companyat the time of the transferDivision 320
...........
17Entity becomes a subsidiary member of a consolidated groupat the time it becomes a subsidiary member701-5
...........
18Entity ceases to be a subsidiary member of a consolidated groupat the time it ceases701-40


 



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