Private ruling: CGT - pre-CGT assets
Date of advice: 28 October 2022
Published: 9 January 2023

Ruling: The Commissioner made a private ruling confirming that the CGT assets of a unit trust which were acquired before 20 September 1985 have not stopped being pre-CGT assets pursuant to section 149-10 of the Income Tax Assessment Act 1997 on the basis that majority underlying interests in the assets were held by ultimate owners who had majority underlying interests in the assets immediately before 20 September 1985.