115-40
CurrentCapital gain resulting from agreement made within a year of acquisition
Chapter 3Specialist liability rules
Part 3-1Capital gains and losses: general topics
Division 115Discount capital gains and certain trust capital gains
Subdivision 115-ADiscount capital gains
115-40 Capital gain resulting from agreement made within a year of acquisition
Your *capital gain on a *CGT asset from a *CGT event is not a discount capital gain (despite section 115‑5) if the CGT event occurred under an agreement you made within 12 months of *acquiring the CGT asset.
Note:
Section 115‑30 or 115‑34 may affect the time when you are treated as having acquired the CGT asset.
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