CGT Determination Number 7 TD 7 - Capital Gains: What are the CGT consequences of sub-dividing pre-CGT land?







[Note: This is a consolidated version of this document. Refer to the Tax Office Legal Database (http://law.ato.gov.au) to check its currency and to view the details of all changes.] | 1. Where pre-CGT land is sub-divided after 19 September 1985 the land will maintain its pre-CGT acquisition date because no CGT event has happened. The subdividing of the land is not itself a CGT event: section 112-25 of the ITAA97. | 2. In such cases, subsections 108-70(2) and 108-70(3) may have application. | Commissioner of Taxation 10 September 1991


Legislative references: ITAA 160P(6) ITAA 1997 6-5 ITAA 1997 6-10 ITAA 1997 108-70(2) ITAA 1997 108-70(3) ITAA 1997 112-25
Subject references: Sub-division of land