Document ID: chunk:federal_register_of_legislation:C2004C00958:clause:1_14:p40
Version: federal_register_of_legislation:C2004C00958
Segment Type: clause
Provision Reference: sch 1 cl 14 (pt 40/40)
Character Range: 131409–132511

buildings and adjacent land; and

          • rules about when a capital improvement to a CGT asset is treated as a separate CGT asset.

Table of sections

Operative provisions

108‑55 When is a building a separate asset from land?
108‑60 Plant that is part of a building is a separate asset
108‑65 Land adjacent to land acquired before 20 September 1985
108‑70 When is a capital improvement a separate asset?
108‑75 Capital improvements to CGT assets for which a roll‑over may be available
108‑80 Deciding if capital improvements are related to each other
108‑85 Meaning of improvement threshold

Operative provisions

108‑55  When is a building a separate asset from land?

 (1) A building or structure on land that you *acquired on or after 20 September 1985 is taken to be a separate *CGT asset from the land if one of the balancing adjustment provisions in this table applies to the building or structure (whether or not there is a balancing adjustment):

Balancing adjustment provisions
Item                             For this capital allowance:      You do a balancing adjustment under: