Document ID: chunk:federal_register_of_legislation:C2010C00637:clause:4_46
Version: federal_register_of_legislation:C2010C00637
Segment Type: clause
Provision Reference: sch 4 cl 46
Character Range: 27054–27593

46  After section 118‑405
Insert:

118‑407  Special conditions for CGT event D1

 (1) Section 118‑405 applies differently in the case of *CGT event D1 (about creating contractual or other rights).

 (2) In that case:
 (a) the *CGT event does not have to happen in relation to a *CGT asset; and
 (b) paragraph 118‑405(1)(e) does not have to be satisfied; and
 (c) instead, the right you create that triggers the CGT event must be inherently connected with a CGT asset of yours that satisfies the *active asset test (see section 118‑445).