Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If CGT event A1 is the giving of a gift of property by you for which a valuation under section 30 - 212 is obtained, you may choose that the * capital proceeds from the event are replaced with the value of the property as determined under the valuation.
(2) You can only make this choice if the valuation was made no more than 90 days before or after the CGT event.