CGT Determination Number 46
Capital Gains: What are the CGT consequences where a lessee affixes to the lessor's land an asset which continues to be owned by the lessee?
FOI status:may be releasedFOI number: I 1019409
- the law of the relevant State or Territory provides for the ownership of the asset to remain with the lessee; or
- the lessee is regarded as being the owner of the asset within the terms of Taxation Ruling No IT 175.
Commissioner of Taxation
5 March 1992