INCOME TAX ASSESSMENT ACT 1997 - SECT 108.7 Interest in CGT assets as joint tenants
INCOME TAX ASSESSMENT ACT 1997 - SECT 108.7
Interest in CGT assets as joint tenantsIndividuals who own a * CGT asset as joint tenants are treated as if they each owned a separate CGT asset constituted by an equal interest in the asset and as if each of them held that interest as a tenant in common.
Note: Section 128 - 50 contains rules that apply when a joint tenant dies.
108 - 10 Losses from collectables to be offset only against gains from collectables
108 - 17 Cost base of a collectable