Document ID: chunk:federal_register_of_legislation:C2010C00262:clause:4_19
Version: federal_register_of_legislation:C2010C00262
Segment Type: clause
Provision Reference: sch 4 cl 19
Character Range: 74293–75003

19  After subsection 152‑40(1)
Insert:

 (1A) The following apply to a *CGT asset that you own if you are an individual:
 (a) the asset (whether it is tangible or intangible) is taken to be used, or held ready for use, in the course of carrying on a business by your *affiliate if the asset is used, or held ready for use, in the course of carrying on a business by your *spouse or child under 18 years;
 (b) if the asset is an intangible asset—the asset is taken to be inherently connected with a business that your affiliate carries on (for example, goodwill or the benefit of a restrictive covenant) if the asset is inherently connected with a business that your spouse or child under 18 years carries on.