Document ID: chunk:federal_register_of_legislation:C2007A00055:clause:1_41
Version: federal_register_of_legislation:C2007A00055
Segment Type: clause
Provision Reference: sch 1 cl 41
Character Range: 34096–34605

41  Paragraph 152‑105(c)
Repeal the paragraph (including the note), substitute:
 (c) if the CGT asset is a *share in a company or an interest in a trust—the company or trust had a *significant individual for a total of at least 15 years (even if the 15 years was not continuous and it was not always the same significant individual) during which you owned the CGT asset;

Note: There is an exception for discretionary trusts that have tax losses or no taxable income for an income year: see section 152‑120.