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Edited version of your written advice
Authorisation Number: 1051423836674
Date of advice: 31 August 2018
Ruling
Subject: Date of acquisition for CGT.
Question
Was the land acquired prior to Capital Gains tax, 20 September 1985?
Answer
Yes. The Commissioner is satisfied that you acquired the property on 1 October 19XX.
This ruling applies for the following period:
30 June 20XX
The scheme commences on:
1 July 20XX
Relevant facts and circumstances
Minutes of Meeting dated x October 19xx state the property is to be transferred to you.
Your balance sheet dated xx June 19xx shows the property as an asset.
The property was formally transferred to you in 19xx.
You sold the property xx September 20xx.
Relevant legislative provisions
Income Tax Assessment Act 1997 subdivision 109-5(1)
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