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 112-87   Residency  



Residency
Item In this situation: Element affected: See section:
1 An individual or company becomes an Australian resident (but not a temporary resident) First element of cost base and reduced cost base 855-45
.
1A A temporary resident ceases to be a temporary resident (but remains, at that time, an Australian resident) First element of cost base and reduced cost base 768-955
.
2 A trust becomes a resident trust for CGT purposes First element of cost base and reduced cost base 855-50


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