Income Tax Assessment Act 1997



Division 104 - CGT events  

Subdivision 104-E - Trusts  

SECTION 104-90   Disposal by beneficiary of capital interest: CGT event E8  

CGT event E8 happens if:

(a) you are the beneficiary under a trust (except a unit trust or a trust to which Division 128 applies); and

(b) you did not give any money or property to *acquire the *CGT asset that is your interest in the trust capital and you did not acquire it by assignment; and

(c) you *dispose of the interest, or part of it (but not to the trustee).


Division 128 deals with the effect of death.

The time of the event is:

(a) when you enter into the contract for the *disposal; or

(b) if there is no contract - when you stop owning the interest or part.

Note 1:

You work out if you have made a capital gain or capital loss under sections 104-95 and 104-100 .

Note 2:

There is a special indexation rule for this event: see section 114-10 .


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