Commonwealth Consolidated Acts Commonwealth Consolidated ActsThis table sets out some specific rules for the circumstances in which, and the time at which, you acquire a * CGT asset otherwise than as a result of a * CGT event happening.
Acquisition rules (no CGT event) | ||
Item | In these circumstances | You acquire the asset at this time: |
1 | You (or your * agent) construct or create a * CGT asset, and you own it when the construction is finished or the asset is created | when the construction, or work that resulted in the creation, started |
2 | A company issues or allots * equity interests or * non - equity shares in the company to you | when contract is entered into or, if none, when equity interests or non - equity shares issued or allotted |
3 | A trustee of a unit trust issues units in the trust to you | when contract is entered into or, if none, when units issued |
Table of sections
109 - 50 Effect of this Subdivision
109 - 55 Other acquisition rules
109 - 60 Acquisition rules outside this Part and Part 3 - 3