Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p3
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 3/59)
Character Range: 7872779–7875449

the way described in that event.
Note 1: There are some CGT events for which there is no capital gain.
Note 2: For income years before 1998‑99, capital gain has the meaning given by section 102‑20 of the Income Tax (Transitional Provisions) Act 1997.
capital loss: for each *CGT event a capital loss is worked out in the way described in that event.
Note 1: There are some CGT events for which there is no capital loss.
Note 2: For income years before 1998‑99, capital loss has the meaning given by section 102‑20 of the Income Tax (Transitional Provisions) Act 1997.
capital proceeds has the meaning given by Division 116.
capital protected borrowing has the meaning given by section 247‑10.
capital protection has the meaning given by section 247‑10.
capital stake has the meaning given by section 166‑235.
capped defined benefit income stream has the meaning given by section 294‑130.
capped life of a *depreciating asset has the meaning given by section 40‑102.
car means a *motor vehicle (except a motor cycle or similar vehicle) designed to carry a load of less than 1 tonne and fewer than 9 passengers.
carbon sequestration has the meaning given by section 40‑1015.
carbon service provider means an entity that carries on the *business of providing services wholly or mainly relating to offsets projects (within the meaning of the Carbon Credits (Carbon Farming Initiative) Act 2011), including services involving the entity carrying out such projects as the project proponent (within the meaning of that Act).
car expense has the meaning given by section 28‑13.
car fringe benefit has the meaning given by subsection 136(1) of the Fringe Benefits Tax Assessment Act 1986.
car limit has the meaning given by section 40‑230.
carried interest:
 (a) of a *general partner in a *VCLP, an *ESVCLP or an *AFOF—has the meaning given by subsections 104‑255(4) and (6); and
 (b) of a *limited partner in a *VCMP—has the meaning given by subsections 104‑255(5) and (6).
carry back: you carry back to an income year so much of a *tax loss for a later income year as you specify, in a *loss carry back choice, to be carried back to the earlier income year.
Note: You can make a loss carry back choice only for the 2020‑21, 2021‑22 or 2022‑23 income year.
carry‑forward trust component deficit, of a particular character, has the meaning given by section 276‑330.
carrying on an *enterprise includes doing anything in the course of the commencement or termination of the enterprise.
cash management trust means a trust that satisfies these requirements:
 (a) the trust is of a kind commonly known as a cash management trust;
 (b) each unit in the trust carries the same rights