Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-1
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CAPITAL GAINS AND LOSSES: GENERAL TOPICS
•
as a result of a CGT event happening: see section
109-5
; or
•
in other circumstances: see section
109-10
.
Division 109
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Acquisition of CGT assets
Guide to Division 109
SECTION 109-1
What this Division is about
This Division sets out the ways in which you can acquire a CGT asset and the time of acquisition.
The time of acquisition is important for indexation, and for the exemption of assets acquired before 20 September 1985.
Generally, you acquire a CGT asset when you become its owner. You can also acquire a CGT asset:
This Division also directs you to special acquisition rules in other Divisions.
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