Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS  

Division 137 - Granny flat arrangements  

Subdivision 137-A - When CGT events do not happen  

Operative provisions

SECTION 137-25   137-25   CGT event does not happen when a certain kind of granny flat arrangement is terminated  


A *CGT event does not happen, to the extent that it relates to terminating a *granny flat interest in a *dwelling under an *arrangement by terminating the arrangement, if:

(a)  section 137-15 applied so that a CGT event did not happen when the arrangement was entered into; or

(b)  section 137-20 applied so that a CGT event did not happen when the arrangement was varied.


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