Document ID: chunk:federal_register_of_legislation:C2025C00024:section:29
Version: federal_register_of_legislation:C2025C00024
Segment Type: section
Provision Reference: s 29
Character Range: 23459–24002

29  CGT cost base for share acquisitions
  For the purposes of the 1997 Tax Act, if any of the following results in the acquisition of a CGT asset, then the first element of the cost base of the asset is taken to be nil:
 (a) the issue of shares to a person under section 21;
 (b) the issue of shares to a person in accordance with HoldCo's constitution, where the issue is certified under section 36;
 (c) a certified demerger matter.
Note: Section 110‑25 of the 1997 Tax Act defines the elements of the cost base.

Division 8—Miscellaneous