Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS  

Division 137 - Granny flat arrangements  

Subdivision 137-A - When CGT events do not happen  

Operative provisions

SECTION 137-25  

137-25   CGT event does not happen when a certain kind of granny flat arrangement is terminated  

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.