118-85
CurrentSpecial disability trusts
Chapter 3Specialist liability rules
Part 3-1Capital gains and losses: general topics
Division 118Exemptions
Subdivision 118-AGeneral exemptions
118-85 Special disability trusts
(1)
A *capital gain or *capital loss you make is disregarded if you make it from transferring a *CGT asset for no consideration to:
(a)
a *special disability trust; or
(b)
a trust that becomes a special disability trust as soon as practicable after the transfer.
(2)
In working out whether the transfer was for consideration, disregard any interest in the trust.
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