History
Pt 3-1 inserted by No 46 of 1998. |
History
Div 110 inserted by No 46 of 1998. |
| Rules about cost base not relevant for some CGT events |
| Event Number | Description of event: | See section: | |
| C3 | End of option to acquire shares etc. | 104-30 | |
| ........... |
| D1 | Creating contractual or other rights | 104-35 | |
| ........... |
| D2 | Granting an option | 104-40 | |
| ........... |
| D3 | Granting a right to income from mining | 104-45 | |
| ........... |
| E9 | Creating a trust over future property | 104-105 | |
| ........... |
| F1 | Granting a lease | 104-110 | |
| ........... |
| F3 | Lessor pays lessee to get lease changed | 104-120 | |
| ........... |
| F5 | Lessor receives payment for changing lease | 104-130 | |
| ........... |
| H1 | Forfeiture of deposit | 104-150 | |
| ........... |
| H2 | Receipt for event relating to a CGT asset | 104-155 | |
| ........... |
| J5 | Failure to acquire replacement asset and to incur fourth element expenditure after a roll-over | 104-197 | |
| ........... |
| J6 | Cost of acquisition of replacement asset or amount of fourth element expenditure, or both, not sufficient to cover disregarded capital gain | 104-198 | |
| ........... |
| K2 | Bankrupt pays amount in relation to debt | 104-210 | |
| ........... |
| K7 | Balancing adjustment event happens to depreciating asset | 104-235 | |
| ........... |
| K9 | Carried interests | 104-255 | |
| ........... |
| K10 | You make a forex realisation gain covered by item 1 of the table in subsection 775-70(1) | 104-260 | |
| ........... |
| K11 | You make a forex realisation loss covered by item 1 of the table in subsection 775-75(1) | 104-265 | |
| ........... |
| K12 | Foreign hybrid loss exposure adjustment | 104-270 | |
| ........... |
| L1 | Reduction under section 705-57 in tax cost setting amount of assets of entity becoming subsidiary member of consolidated group or MEC group | 104-500 | |
| ........... |
| L2 | Amount remaining after step 3A etc. of joining allocable cost amount is negative | 104-505 | |
| ........... |
| L3 | Tax cost setting amounts for retained cost base assets exceed joining allocable cost amount | 104-510 | |
| ........... |
| L4 | No reset cost base assets against which to apply excess of net allocable cost amount on joining | 104-515 | |
| ........... |
| L5 | Amount remaining after step 4 of leaving allocable cost amount is negative | 104-520 | |
| ........... |
| L6 | Errors in tax cost setting amounts for entity joining consolidated group or MEC group | 104-525 | |
| ........... |
| L7 | (Repealed by No 56 of 2010) | | |
| .......... |
| L8 | Reduction in tax cost setting amount for reset cost base assets on joining cannot be allocated | 104-535 | |
History
S 110-10 (table) amended by No 56 of 2010, s 3 and Sch 5 item 129, by repealing the table item relating to CGT event L7. No 56 of 2010, s 3 and Sch 5 item 131 contains the following application provision:
Application provision
(1) The amendments made by this Part apply on and after 1 July 2002.
(2) However, the amendment does not apply in relation to a CGT event that:
(a) is CGT event L7; and
(b) happens before the day on which the Bill that became this Act was introduced into the House of Representatives; and
(c) gives rise to a capital loss.
The table item relating to CGT event L7 formerly read:
L7 ... Discharged amount of liability differs from amount for allocable cost amount purposes ... 104-530.
S 110-10 table amended by No 55 of 2007, s 3 and Sch 1 item 14, by inserting items J5 and J6, applicable to CGT events happening in the 2006-07 income year or later income years. S 110-10 table amended by No 101 of 2004, No 133 of 2003, No 107 of 2003, No 16 of 2003, No 136 of 2002, No 117 of 2002 and No 77 of 2001 and inserted by No 46 of 1998. |
