Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

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

Division 108 - CGT assets  

Subdivision 108-C - Personal use assets  

SECTION 108-25   Sets of personal use assets  

108-25(1)    
This section sets out what happens if:

(a) you own * personal use assets that are a set; and

(b) they would ordinarily be * disposed of as a set; and

(c) you dispose of them in one or more transactions for the purpose of trying to obtain the exemption in section 118-10 .

108-25(2)    
The set of * personal use assets is taken to be a single * personal use asset and each of your * disposals is a disposal of part of that asset.