INCOME TAX ASSESSMENT ACT 1997 - SECT 128.10 Capital gain or loss when you die is disregarded
INCOME TAX ASSESSMENT ACT 1997 - SECT 128.10
Capital gain or loss when you die is disregardedWhen you die, a * capital gain or * capital loss from a * CGT event that results for a * CGT asset you owned just before dying is disregarded.
Note 1: Section 104 - 215 sets out an exception to this rule if the CGT asset passes to a beneficiary in your estate who is:
• the trustee of a complying superannuation entity; or
Note 2: There is a special indexation rule for deceased estates: see
section 114 - 10.