INCOME TAX ASSESSMENT ACT 1997 - SECT 315.10 Effect on the legal personal representative or beneficiary

INCOME TAX ASSESSMENT ACT 1997 - SECT 315.10

    Disregard a * capital gain or * capital loss of an entity from a * CGT event that happens in relation to a * CGT asset if:

  (a)   the CGT asset forms part of the estate of a deceased individual who is mentioned in paragraph   315 - 5(b); and

  (b)   the entity is the deceased individual's * legal personal representative or a beneficiary in the deceased individual's estate; and

  (c)   the CGT asset devolves to the entity or * passes to the entity; and

  (d)   the CGT event happens under a demutualisation to which this Division applies; and

  (e)   the CGT asset is covered by section   315 - 20.