CGT Determination Number 46 TD 46 - Capital Gains: What are the CGT consequences where a lessee affixes to the lessor's land an asset which continues to be owned by the lessee?







1. A lessee will be treated as continuing to be the owner of an asset which the lessee has affixed to the lessor's land where: | 2. In these circumstances, there is no disposal of the asset by the lessee when it is affixed to the land during the period of the lease, nor is it acquired by the lessor at that time. | Commissioner of Taxation 5 March 1992


Related rulings: CGT47, now TD47 CGT48, now TD48 IT175; IT2519
Subject references: Tenant's fixtures; disposal of asset; acquisition of asset