Document ID: chunk:federal_register_of_legislation:C2010C00608:clause:4_28
Version: federal_register_of_legislation:C2010C00608
Segment Type: clause
Provision Reference: sch 4 cl 28
Character Range: 9648–10143

28  Subsection 112‑20(2)
Repeal the subsection, substitute:

 (2) Despite paragraph (1)(c), if:
 (a) you did not deal at arm's length with the other entity; and
 (b) your *acquisition of the *CGT asset resulted from another entity doing something that did not constitute a CGT event happening;
the market value is substituted only if what you paid to acquire the CGT asset was more than its market value (at the time of acquisition).
The payment can include giving property: see section 103‑5.