Commonwealth Consolidated Acts Commonwealth Consolidated Acts
Effect of an individual dying | |||
Item | In this situation: | Element affected: | See section: |
1 | CGT asset devolves to the legal personal representative | First element of cost base and reduced cost base | 128 - 15 |
2 | CGT asset passes to a beneficiary | First element of cost base and reduced cost base | 128 - 15 |
3 | CGT asset passes to a trustee of a complying superannuation entity | First element of cost base and reduced cost base | 128 - 25 |
4 | Surviving joint tenant acquires deceased joint tenant's interest in CGT asset | First element of cost base and reduced cost base | 128 - 50 |