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
Division 109
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Acquisition of CGT assets
Subdivision 109-A
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Operative rules
SECTION 109-10
109-10
When you
acquire
a CGT asset without a CGT event
This table sets out some specific rules for the circumstances in which, and the time at which, you acquire a *CGT asset otherwise than as a result of a *CGT event happening.
View history note
Hide history noteThis table sets out some specific rules for the circumstances in which, and the time at which, you acquire a *CGT asset otherwise than as a result of a *CGT event happening.
| Acquisition rules (no CGT event) | ||
| Item | In these circumstances: | You acquire the asset at this time: |
| 1 | You (or your *agent) construct or create a *CGT asset, and you own it when the construction is finished or the asset is created | when the construction, or work that resulted in the creation, started |
| . | ||
| 2 | A company issues or allots *equity interests or *non-equity shares in the company to you | when contract is entered into or, if none, when equity interests or non-equity shares issued or allotted |
| . | ||
| 3 | A trustee of a unit trust issues units in the trust to you | when contract is entered into or, if none, when units issued |
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