INCOME TAX ASSESSMENT ACT 1997 - SECT 115.40 Capital gain resulting from agreement made within a year of acquisition

INCOME TAX ASSESSMENT ACT 1997 - SECT 115.40

    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.