Document ID: chunk:federal_register_of_legislation:C2025C00029:section:14:p4
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 14 (pt 4/20)
Character Range: 1771836–1779460

to end income right                                                                                                                                                                                     the time of the disposal                                                                                              for trustee—market value of CGT asset at that time less its cost base;                                                                                    for trustee—reduced cost base of CGT asset at that time less that market value;
                                                                                                                                                                                                                                                                                                                                                         for beneficiary—that market value less cost base of beneficiary's right to income                                                                         for beneficiary—reduced cost base of beneficiary's right to income less that market value

[See section 104‑80]
E7 Disposal to beneficiary to end capital interest                                                                                                                                                                                 the time of the disposal                                                                                              for trustee—market value of CGT asset at that time less its cost base;                                                                                    for trustee—reduced cost base of CGT asset at that time less that market value;
                                                                                                                                                                                                                                                                                                                                                         for beneficiary—that market value less cost base of beneficiary's capital interest                                                                        for beneficiary—reduced cost base of beneficiary's capital interest less that market value

[See section 104‑85]
E8 Disposal by beneficiary of capital interest                                                                                                                                                                                     when disposal contract entered into or, if none, when beneficiary ceases to own CGT asset                             capital proceeds less appropriate proportion of the trust's net assets                                                                                    appropriate proportion of the trust's net assets less capital proceeds

[See section 104‑90]
E9 Creating a trust over future property                                                                                                                                                                                           when entity makes agreement                                                                                           market value of the property (as if it existed when agreement made) less incidental costs in making agreement                                             incidental costs in making agreement less market value of the property (as if it existed when agreement made)

[See section 104‑105]
E10 Annual cost base reduction exceeds cost base of interest in AMIT                                                                                                                                                               when reduction happens                                                                                                excess of cost base reduction over cost base                                                                                                              no capital loss

[See section 104‑107A]
F1 Granting a lease                                                                                                                                                                                                                for grant of lease—when entity enters into lease contract or, if none, at start of lease;                             capital proceeds less expenditure on grant, renewal or extension                                                                                          expenditure on grant, renewal or extension less capital proceeds
                                                                                                                                                                                                                                   for lease renewal or extension—at start of renewal or extension

[See section 104‑110]
F2 Granting a long term lease                                                                                                                                                                                                      for grant of lease—when lessor grants lease;                                                                          capital proceeds from grant, renewal or extension less cost base of leased property                                                                       reduced cost base of leased property less capital proceeds from grant, renewal or extension
                                                                                                                                                                                                                                   for lease renewal or extension—at start of renewal or extension

[See section 104‑115]
F3 Lessor pays lessee to get lease changed                                                                                                                                                                                         when lease term is varied or waived                                                                                   no capital gain                                                                                                                                           amount of expenditure to get lessee's agreement

[See section 104‑120]
F4 Lessee receives payment for changing lease                                                                                                                                                                                      when lease term is varied or waived                                                                                   capital proceeds less cost base of lease                                                                                                                  no capital loss
[See section 104‑125]
F5 Lessor receives payment for changing lease                                                                                                                                                                                      when lease term is varied or waived                                                                                   capital proceeds less expenditure in relation to variation or waiver                                                                                      expenditure in relation to variation or waiver less capital proceeds

[See section 104‑130]