Pt 3-1 inserted by No 46 of 1998.
Div 118 inserted by No 46 of 1998.
Exempt or loss-denying transactions
118-42 Transfer of stratum units
(a) you own land on which there is a building; and
(b) you subdivide the building into *stratum units; and
(c) you transfer each unit to the entity who had the right to occupy it just before the subdivision;
a *capital gain or *capital loss you make from transferring the unit is disregarded.
S 118-42 inserted by No 46 of 1998.