Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p21
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 21/22)
Character Range: 2197488–2199868

grant or issue) or *dispose of a *CGT asset; and
 (b) another entity exercises the option; and
 (c) because of the exercise of the option, you create (including grant or issue) or dispose of the CGT asset.
 (2) The *capital proceeds from the creation (including grant or issue) or disposal include any payment you received for granting, renewing or extending the option.
 (3) The payment can include giving property: see section 103‑5.

116‑70  Option requiring both acquisition and disposal etc.
 (1) This section applies if:
 (a) you granted, renewed or extended an option; and
 (b) the option requires you both to *acquire, and to create (including grant or issue) or *dispose of, a *CGT asset.
 (2) The option is treated as 2 separate options and half of the *capital proceeds from the grant, renewal or extension is attributed to each option.

116‑75  Special rule for CGT event happening to a lease
  The *capital proceeds from the expiry, surrender or forfeiture of a lease include any payment (because of the lease ending) by the lessor to the lessee for expenditure of a capital nature incurred by the lessee in making improvements to the leased property.
  The payment or expenditure can include giving property: see section 103‑5.

116‑80  Special rule if CGT asset is shares or an interest in a trust
 (1) This section sets out what happens if:
 (a) there is a fall in the *market value of a *personal use asset (other than a car, motor cycle or similar vehicle) or a *collectable of a company or trust; and
 (b) *CGT event A1, C2 or E8 happens to:
 (i) *shares you own in the company (or in a company that is a member of the same *wholly‑owned group); or
 (ii) an interest you have in the trust.
Note: The full list of CGT events is in section 104‑5.
 (2) The *capital proceeds from the event are replaced with the *market value of the *shares, or the interest in the trust.
  The market value is worked out as at the time of the event as if the fall in market value of the *personal use asset or *collectable had not occurred.
Note: You may also make a collectable loss: see CGT event K5.

116‑85  Section 47A of 1936 Act applying to rolled‑over asset
 (1) You reduce the *capital proceeds from a *CGT event that happens in relation to a *CGT asset you have if the conditions in this table are satisfied.

Conditions for reduction
Item                      Condition