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  • Removal of exemption of pre-20 September 1985 assets


    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    When applying the capital gains tax provisions in working out attributable income, all CGT assets other than those having the necessary connection with Australia that a CFC owned at 30 June 1990 are deemed to have been acquired by the CFC on 30 June 1990 regardless of the date the asset was acquired.

    Last modified: 05 Dec 2006QC 18000