Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If the partners choose a roll - over, a * capital gain or * capital loss any partner makes from the trigger event is disregarded.
(2) The first element of the partner's * cost base of each * share is the amount applicable under this table divided by the number of shares. The first element of each share's * reduced cost base is worked out similarly.
Creation case | |
Event No. | Applicable amount |
D1 | the partner's share of the * incidental costs incurred that relate to the trigger event |
D2 | the partner's share of the expenditure incurred to grant the option |
D3 | the partner's share of the expenditure incurred to grant the right |
F1 | the partner's share of the expenditure incurred on the grant, renewal or extension of the lease |
The expenditure can include a transfer of property: see section 103 - 5.