Trusts

E1 Creating a trust over a CGT asset

when the trust is created

capital proceeds from creating the trust less the asset's cost base

asset's reduced cost base less capital proceeds

E2 Transferring a CGT asset to a trust

when the asset is transferred

capital proceeds from the transfer less the asset's cost base

asset's reduced cost base less capital proceeds

E3 Converting a trust to a unit trust

when the trust is converted

market value of the asset at that time less its cost base

asset's reduced cost base less that market value

E4 Capital payment for trust interest

when the trustee makes the payment

non-assessable part of the payment less the cost base of the trust interest

no capital loss

E5 Beneficiary becoming entitled to a trust asset

when the beneficiary becomes absolutely entitled

for a trustee-market value of the CGT asset at that time less its cost base; for a beneficiary-that market value less the cost base of the beneficiary's capital interest

for a trustee-reduced cost base of the CGT asset at that time less that market value; for a beneficiary-reduced cost base of the beneficiary's capital interest less that market value

E6 Disposal to a beneficiary to end an income right

the time of the disposal

for a trustee-market value of the CGT asset at that time less its cost base; for a beneficiary-that market value less the cost base of the beneficiary's right to income

for a trustee-reduced cost base of the CGT asset at that time less that market value; for a beneficiary-reduced cost base of the beneficiary's right to income less that market value

E7 Disposal to a beneficiary to end capital interest

the time of the disposal

for a trustee-market value of the CGT asset at that time less its cost base; for a beneficiary-that market value less the cost base of the beneficiary's capital interest

for a trustee-reduced cost base of the CGT asset at that time less that market value; for a beneficiary-reduced cost base of the beneficiary's capital interest less that market value

E8 Disposal by a beneficiary of capital interest

when the disposal contract is entered into or, if none, when the beneficiary ceases to own the CGT asset

capital proceeds less the appropriate proportion of the trust's net assets

appropriate proportion of the trust's net assets less the capital proceeds

E9 Creating a trust over future property

when the entity makes an agreement

market value of the property (as if it existed when the agreement was made) less incidental costs in making the agreement

incidental costs in making the agreement less the market value of the property (as if it existed when the agreement was made)