INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

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

Division 112 - Modifications to cost base and reduced cost base  

Subdivision 112-B - Finding tables for special rules  

SECTION 112-55   Effect of you dying  



Effect of an individual dying
Item In this situation: Element affected: See section:
1 CGT asset devolves to the legal personal representative First element of cost base and reduced cost base 128-15
.
2 CGT asset passes to a beneficiary First element of cost base and reduced cost base 128-15
.
3 CGT asset passes to a trustee of a complying superannuation entity First element of cost base and reduced cost base 128-25
.
4 Surviving joint tenant acquires deceased joint tenant's interest in CGT asset First element of cost base and reduced cost base 128-50


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