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Legal database

INCOME TAX ASSESSMENT ACT 1997 (ARCHIVE)

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS  

Division 104 - CGT events  

Subdivision 104-B - Use and enjoyment before title passes  

SECTION 104-15 (ARCHIVE)   Use and enjoyment before title passes: CGT event B1  

104-15(4)    

Note:

A capital gain or capital loss is disregarded if it is made in the 1997-98 income year or an earlier one and the relevant agreement ends in the 1998-99 income year or a later one and title in the asset does not pass: see section 104-15 of the Income Tax (Transitional Provisions) Act 1997 .



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