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INCOME TAX ASSESSMENT ACT 1997 - SECT 116.1

What this Division is about

This Division tells you how to work out what the capital proceeds from a CGT event are. You need to know this to work out if you made a capital gain or loss from the event.

Table of sections

116 - 5   General rules

116 - 10   Modifications to general rules

General rules

116 - 20   General rules about capital proceeds

Modifications to general rules

116 - 25   Table of modifications to the general rules

116 - 30   Market value substitution rule: modification 1

116 - 35   Companies and trusts that are not widely held

116 - 40   Apportionment rule: modification 2

116 - 45   Non - receipt rule: modification 3

116 - 50   Repaid rule: modification 4

116 - 55   Assumption of liability rule: modification 5

116 - 60   Misappropriation rule: modification 6

Special rules

116 - 65   Disposal etc. of a CGT asset the subject of an option

116 - 70   Option requiring both acquisition and disposal etc.

116 - 75   Special rule for CGT event happening to a lease

116 - 80   Special rule if CGT asset is shares or an interest in a trust

116 - 85   Section   47A of 1936 Act applying to rolled - over asset

116 - 95   Company changes residence from an unlisted country

116 - 100   Gifts of property

116 - 105   Conservation covenants

116 - 110   Roll - overs for merging superannuation funds

116 - 115   Farm - in farm - out arrangements

116 - 120   Disposals of assets involving look - through earnout rights


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