S 152-425 repealed by
No 55 of 2007
, s 3 and Sch 1 item 57, applicable to CGT events happening in the 2006-07 income year or later income years. S 152-425 formerly read:
SECTION 152-425 Rules where an individual who has obtained a roll-over dies
152-425(1)
If a replacement asset that formed part of the estate of an individual who has died has devolved to the deceased's *legal personal representative and:
(a)
the status of the replacement asset did not change in any of the ways covered by subsection
104-185(1)
while the deceased owned it; or
(b)
if the replacement asset is a *share in a company or an interest in a trust, the circumstances of the company or trust did not change in any of the ways covered by section
104-190
while the share or interest was in the hands of the deceased;
then, for the purposes of this Subdivision, anything done or not done by the deceased in relation to the asset is treated as though it had been done or not done by the legal personal representative.
History
S 152-425(1) amended by No 173 of 2000.
152-425(2)
If the replacement asset has passed to a beneficiary of the deceased individual and:
(a)
the status of the replacement asset did not change in any of the ways covered by subsection
104-185(1)
while the deceased owned it; or
(b)
if the replacement asset is a *share in a company or an interest in a trust, the circumstances of the company or trust did not change in any of the ways covered by section
104-190
while the share or interest was in the hands of the deceased or the deceased's *legal personal representative;
then, for the purposes of this Subdivision, anything done or not done by the deceased or by the deceased's legal personal representative in relation to the asset is treated as though it had been done or not done by the beneficiary.
History
S 152-425(2) amended by No 173 of 2000.
S 152-425 inserted by No 165 of 1999 (as amended by No 173 of 2000).
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