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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1A(Repealed by No 20 of 2016)  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
.......... .
7(Repealed by No 23 of 2018)  
.......... .
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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