Document ID: chunk:federal_register_of_legislation:C2004C00958:clause:1_14:p5
Version: federal_register_of_legislation:C2004C00958
Segment Type: clause
Provision Reference: sch 1 cl 14 (pt 5/40)
Character Range: 46782–51299

in connection with prospective sale less deposit

[See section 104‑150]
H2  Receipt for event relating to a CGT asset                              when act, transaction or event occurred                                                                               capital proceeds less incidental costs                                                                                                                    incidental costs less capital proceeds
[See section 104‑155]
I1  Individual or company stops being a resident                           when individual or company stops being Australian resident                                                            for each CGT asset the person owns, its market value less its cost base                                                                                   for each CGT asset the person owns, its reduced cost base less its market value

[See section 104‑160]
I2  Trust stops being a resident trust                                     when trust ceases to be resident trust for CGT purposes                                                               for each CGT asset the trustee owns, its market value of asset less its cost base                                                                         for each CGT asset the trustee owns, its reduced cost base less its market value

[See section 104‑170]
J1  Company stops being member of wholly‑owned group after roll‑over       when the company stops                                                                                                market value of asset at time of event less its cost base                                                                                                 reduced cost base of asset less that market value
[See section 104‑175]
K1  Partial realisation of intellectual property right                     when contract is entered into or, if none, when partial realisation happens                                           capital proceeds from partial realisation less cost base of the item of intellectual property                                                             no capital loss

[See section 104‑205]
K2  Bankrupt pays amount in relation to debt                               when payment is made                                                                                                  no capital gain                                                                                                                                           so much of payment as relates to denied part of a net capital loss

[See section 104‑210]
K3  Asset passing to tax‑advantaged entity                                 when individual dies                                                                                                  market value of asset at death less its cost base                                                                                                         reduced cost base of asset less that market value

[See section 104‑215]
K4  CGT asset starts being trading stock                                   when asset starts being trading stock                                                                                 market value of asset less its cost base                                                                                                                  reduced cost base of asset less its market value
[See section 104‑220]
K5  Special capital loss from collectable that has fallen in market value  when CGT event A1, C2 or E8 happens to shares in the company, or an interest in the trust, that owns the collectable  no capital gain                                                                                                                                           market value of the shares or interest (as if the collectable had not fallen in market value) less the capital proceeds from CGT event A1, C2 or E8

[See section 104‑225]
K6  Pre‑CGT shares or trust interest                                       when another CGT event involving the shares or interest happens                                                       capital proceeds from the shares or trust interest (so far as attributable to post‑CGT assets owned by the company or trust) less the assets' cost bases  no capital loss

[See section 104‑230]

[This is the end of the Guide]

Subdivision 104‑A—Disposals

104‑10  Disposal of a CGT asset: CGT event A1

 (1) CGT event A1 happens