Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 112.55

Effect of you dying

 

Effect of an individual dying

Item

In this situation:

Element affected:

See section:

1

CGT asset devolves to the legal personal representative

First element of cost base and reduced cost base

128 - 15

2

CGT asset passes to a beneficiary

First element of cost base and reduced cost base

128 - 15

3

CGT asset passes to a trustee of a complying superannuation entity

First element of cost base and reduced cost base

128 - 25

4

Surviving joint tenant acquires deceased joint tenant's interest in CGT asset

First element of cost base and reduced cost base

128 - 50



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