s 108-5
In forceCGT assets
Chapter 3Specialist liability rules
Part 3-1Capital gains and losses: general topics
Division 108CGT assets
Subdivision 108-AWhat a CGT asset is
108-5 CGT assets
If:
(a)
an entity owned a thing that is not a form of property before 26 June 1992 and at all times from that day to the start of the entity’s 1998‑99 income year; and
(b)
that thing was not, before 26 June 1992, an asset as defined in former section 160A of the Income Tax Assessment Act 1936;
the thing is not a CGT asset.
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