Document ID: chunk:federal_register_of_legislation:C2025C00029:section:14:p7
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 14 (pt 7/20)
Character Range: 1790834–1796964

section 104‑255]
K10 You make a forex realisation gain covered by item 1 of the table in subsection 775‑70(1)                                                                                                                                       when the forex realisation event happens                                                                              the forex realisation gain                                                                                                                                no capital loss
[See section 104‑260]
K11 You make a forex realisation loss covered by item 1 of the table in subsection 775‑75(1)                                                                                                                                       when the forex realisation event happens                                                                              no capital gain                                                                                                                                           the forex realisation loss
[See section 104‑265]
K12 Foreign hybrid loss exposure adjustment                                                                                                                                                                                        just before the end of the income year                                                                                no capital gain                                                                                                                                           the amount stated in subsection 104‑270(3)
[See section 104‑270]
L1 Reduction under section 705‑57 in tax cost setting amount of assets of entity becoming subsidiary member of consolidated group or MEC group                                                                                     Just after entity becomes subsidiary member                                                                           no capital gain                                                                                                                                           amount of reduction
[See section 104‑500]
L2 Amount remaining after step 3A etc. of joining allocable cost amount is negative                                                                                                                                                Just after entity becomes subsidiary member                                                                           amount remaining                                                                                                                                          no capital loss
[See section 104‑505]
L3 Tax cost setting amounts for retained cost base assets exceed joining allocable cost amount                                                                                                                                     Just after entity becomes subsidiary member                                                                           amount of excess                                                                                                                                          no capital loss
[See section 104‑510]
L4 No reset cost base assets against which to apply excess of net allocable cost amount on joining                                                                                                                                 Just after entity becomes subsidiary member                                                                           no capital gain                                                                                                                                           amount of excess
[See section 104‑515]
L5 Amount remaining after step 4 of leaving allocable cost amount is negative                                                                                                                                                      When entity ceases to be subsidiary member                                                                            amount remaining                                                                                                                                          no capital loss
[See section 104‑520]
L6 Error in calculation of tax cost setting amount for joining entity's assets: CGT event L6                                                                                                                                       start of the income year when the Commissioner becomes aware of the errors                                            the net overstated amount resulting from the errors, or a portion of that amount                                                                          the net understated amount resulting from the errors, or a portion of that amount
[See section 104‑525]
L8 Reduction in tax cost setting amount for reset cost base assets on joining cannot be allocated                                                                                                                                  Just after entity becomes subsidiary member                                                                           no capital gain                                                                                                                                           amount of reduction that cannot be allocated
[See section 104‑535]

Note: Subsection 230‑310(4) (which deals with hedging financial arrangements) provides that in certain circumstances a CGT event is taken to have occurred in relation to a hedging financial arrangement at the same time as a CGT event actually occurs in relation to a hedged item covered by the arrangement.

Subdivision 104‑A—Disposals

104‑10  Disposal of a CGT asset: CGT event A1
 (1) CGT event A1 happens if you *dispose of a *CGT asset.
 (2) You dispose of a *CGT asset if a change of ownership occurs from you to another entity, whether because of some act or event or by operation of law. However,