Document ID: chunk:federal_register_of_legislation:C2025C00029:section:7:p58
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 7 (pt 58/58)
Character Range: 2447280–2448475

of the CGT asset created in the company (the created asset).
 (4) In working out if the requirement in paragraph (3)(a) is satisfied, if the *market value of the *shares is different to what it would otherwise be only because of the possibility of liabilities attaching to the asset or assets, disregard the difference.
Note: The company may have to pay income tax if an amount is included in its assessable income because of a CGT event happening to an asset you disposed of, or it may have a liability because of accrued leave entitlements of employees. The market value of the shares will reflect these contingent liabilities.

122‑25  Other requirements to be satisfied
 (1) You must own all the *shares in the company just after the time of the trigger event.
Note: You must own the shares in the same capacity as you owned or created the assets that the company now owns.
 (2) This Subdivision does not apply to the *disposal or creation of any of the assets specified in this table:

Assets to which Subdivision does not apply
Item                                        In this situation:                                                                This Subdivision does not apply to: