Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

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

Division 106 - Entity making the gain or loss  

Guide to Division 106  

SECTION 106-1   What this Division is about  

This Division sets out the cases where a capital gain or loss is made by someone other than the entity to which a CGT event happens.

The entities affected are:

  • partnerships (Subdivision 106-A);
  • bankruptcy trustees and company liquidators (Subdivision 106-B);
  • trustees where there is an absolutely entitled beneficiary (Subdivision 106-C);
  • security holders (Subdivision 106-D).

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