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INCOME TAX ASSESSMENT ACT 1997 - SECT 108.50 What this Subdivision is about

INCOME TAX ASSESSMENT ACT 1997 - SECT 108.50

What this Subdivision is about

For CGT purposes, there are:

    exceptions to the common law principle that what is attached to the land is part of the land; and

    special rules about buildings and adjacent land; and

    rules about when a capital improvement to a CGT asset is treated as a separate CGT asset.

Note:   In addition to the circumstances set out in this Subdivision, separate asset treatment can apply under section   124 - 595 (about a roll - over for a Crown lease) and section   124 - 725 (about a roll - over for a prospecting or mining entitlement).

Table of sections

Operative provisions

108 - 55   When is a building a separate asset from land?

108 - 60   Depreciating asset that is part of a building is a separate asset

108 - 65   Land adjacent to land acquired before 20   September 1985

108 - 70   When is a capital improvement a separate asset?

108 - 75   Capital improvements to CGT assets for which a roll - over may be available

108 - 80   Deciding if capital improvements are related to each other

108 - 85   Meaning of improvement threshold

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