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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES

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

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History Pt 3-1 inserted by No 46 of 1998.

Division 112 - Modifications to cost base and reduced cost base

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History Div 112 inserted by No 46 of 1998.

Subdivision 112-B - Finding tables for special rules

SECTION 112-48  Gifts acquired by associates

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Gifts acquired by associates
Item	In this situation:	Element affected:	See section:
1	A gift of property is covered by subsection 118-60(1) or (2) and the property is later *acquired by an associate for less than market value	First element of cost base and reduced cost base	118-60

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History S 112-48 inserted by No 58 of 2000.