INCOME TAX ASSESSMENT ACT 1997 - SECT 128.1 What this Division is about
INCOME TAX ASSESSMENT ACT 1997 - SECT 128.1
What this Division is aboutThis Division sets out what happens when you die and a CGT asset you owned just before dying devolves to your legal personal representative or passes to a beneficiary in your estate.
It also contains rules about what happens when a joint tenant dies.
128 - 10 Capital gain or loss when you die is disregarded
128 - 15 Effect on the legal personal representative or beneficiary
128 - 20 When does an asset pass to a beneficiary?
128 - 25 The beneficiary is a trustee of a superannuation fund etc.
Special rules for joint tenants
128 - 50 Joint tenants