Document ID: chunk:federal_register_of_legislation:C2010C00260:clause:2_42
Version: federal_register_of_legislation:C2010C00260
Segment Type: clause
Provision Reference: sch 2 cl 42
Character Range: 51810–52663

42  After section 110‑35
Insert:

110‑36  Indexation

 (1) The cost base of a *CGT asset *acquired at or before 11.45 am (by legal time in the Australian Capital Territory) on 21 September 1999 also includes indexation of the elements of the cost base (except the third element) if the requirements of Division 114 are met.

 (2) However, for the purposes of working out the *capital gain of an entity mentioned in an item of the table from a *CGT event happening after 11.45 am (by legal time in the Australian Capital Territory) on 21 September 1999, the cost base includes indexation only if the entity mentioned in the item chooses that the cost base includes indexation.

Choice of indexation
Item                  For the purposes of working out the capital gain of this entity:  The cost base includes indexation only if this entity chooses so: