INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIA - CAPITAL GAINS AND CAPITAL LOSSES  

Division 1 - Preliminary  

Subdivision B - Interpretation  

SECTION 160A   160A   ASSETS TO WHICH PART APPLIES  
In this Part, unless the contrary intention appears, ``asset'' means any form of property and includes:


(a) any of the following:


(i) an option;

(ii) a debt;

(iii) a chose in action;

(iv) any other right;
whether legal or equitable and whether or not a form of property;


(aa) goodwill or any other form of incorporeal property;


(b) currency of a foreign country;


(c) (Omitted by No 191 of 1992)


(d) a taxpayer's interest in a partnership asset of a partnership in which the taxpayer is a partner; and


(e) so much of a taxpayer's interest in a partnership as is not covered by paragraph (d);

but does not include a motor vehicle of a kind covered by paragraph 82AF(2)(a) or an interest in such a motor vehicle.


 

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