Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 137.25

    A * CGT event does not happen, to the extent that it relates to terminating a * granny flat interest in a * dwelling under an * arrangement by terminating the arrangement, if:

  (a)   section   137 - 15 applied so that a CGT event did not happen when the arrangement was entered into; or

  (b)   section   137 - 20 applied so that a CGT event did not happen when the arrangement was varied.

Table of Subdivisions

149 - A   Key concepts

149 - B   When asset of non - public entity stops being a pre - CGT asset

149 - C   When asset of public entity stops being a pre - CGT asset

149 - F   How to treat a "demutualised" public entity

Table of sections

149 - 10   What is a pre - CGT asset?

149 - 15   Majority underlying interests in a CGT asset