Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3
Character Range: 1549510–1551182

3                                           your acquisition of the item involved the item:                                                                                                                                                                                                                                                           (a) if the person died during or after his or her 1998‑99 income year—the dead person's *cost base for the item just before his or her death; or
                                            (a) devolving to you as someone's *legal personal representative; or                                                                                                                                                                                                                                      (b) if the person died before or during his or her 1997‑98 income year—the dead person's indexed cost base (within the meaning of former Part IIIA (Capital gains and capital losses) of the Income Tax Assessment Act 1936) for the item just before his or her death (but worked out disregarding former section 160ZG (which affects the indexed cost base for a non‑listed personal use asset) of that Act)
                                            (b) *passing to you as a beneficiary in someone's estate;
                                            and, if a *CGT event had happened in relation to the item just before you started holding it as *trading stock, a *capital gain or *capital loss could have resulted that would have been taken into account in working out your *net capital gain or *net capital loss for the income year of the event