Document ID: chunk:federal_register_of_legislation:C2025C00029:section:14:p2
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 14 (pt 2/20)
Character Range: 1760899–1765426

the time specified in subsection 115‑230(5); and
 (b) subsections 152‑315(4) and (5) (relating to the small business retirement exemption) require a choice to be made in writing.
Note: This section is modified in calculating the attributable income of a CFC: see section 421 of the Income Tax Assessment Act 1936.

103‑30  Reduction of cost base etc. by net input tax credits
  Reduce the *cost base and *reduced cost base of a *CGT asset, and any other amount that could be involved in the calculation of an entity's *capital gain or *capital loss, by the amount of any *net input tax credit of the entity in relation to that amount.
Example: The other amount could be expenditure in the case of some CGT events (see, for example, CGT event D1).
Note: Subsection 116‑20(5) deals with the effect of net GST on supplies for the purposes of capital proceeds.

Division 104—CGT events

Table of Subdivisions
 Guide to Division 104
104‑A Disposals
104‑B Use and enjoyment before title passes
104‑C End of a CGT asset
104‑D Bringing into existence a CGT asset
104‑E Trusts
104‑F Leases
104‑G Shares
104‑H Special capital receipts
104‑I Australian residency ends
104‑J CGT events relating to roll‑overs
104‑K Other CGT events
104‑L Consolidated groups and MEC groups

Guide to Division 104

104‑1  What this Division is about
      This Division sets out all the CGT events for which you can make a capital gain or loss. It tells you how to work out if you have made a gain or loss from each event and the time of each event. It also contains exceptions for gains and losses for many events (such as the exception for CGT assets acquired before 20 September 1985) and some cost base adjustment rules.

104‑5  Summary of the CGT events

CGT events
Event number and description
                                                                                                                                                                                                                                   Time of event is:                                                                                                     Capital gain is:                                                                                                                                          Capital loss is:
A1 Disposal of a CGT asset                                                                                                                                                                                                         when disposal contract is entered into or, if none, when entity stops being asset's owner                             capital proceeds from disposal less asset's cost base                                                                                                     asset's reduced cost base less capital proceeds

[See section 104‑10]
B1 Use and enjoyment before title passes                                                                                                                                                                                           when use of CGT asset passes                                                                                          capital proceeds less asset's cost base                                                                                                                   asset's reduced cost base less capital proceeds

[See section 104‑15]
C1 Loss or destruction of a CGT asset                                                                                                                                                                                              when compensation is first received or, if none, when loss discovered or destruction occurred                         capital proceeds less asset's cost base                                                                                                                   asset's reduced cost base less capital proceeds

[See section 104‑20]
C2 Cancellation, surrender and similar endings                                                                                                                                                                                     when contract ending asset is entered into or, if none, when asset ends                                               capital proceeds from ending less asset's cost base                                                                                                       asset's reduced cost base less