Income Tax Assessment Act 1997
View history note
Hide history noteCGT event E8 happens if:
(a) you are the beneficiary under a trust (except a unit trust or a trust to which Division 128 applies); and
(b) you did not give any money or property to *acquire the *CGT asset that is your interest in the trust capital and you did not acquire it by assignment; and
(c) you *dispose of the interest, or part of it (but not to the trustee).
Note:
Division 128 deals with the effect of death.
104-90(2)
The time of the event is:
(a) when you enter into the contract for the *disposal; or
(b) if there is no contract - when you stop owning the interest or part.
Note 1:
You work out if you have made a capital gain or capital loss under sections 104-95 and 104-100 .
Note 2:
There is a special indexation rule for this event: see section 114-10 .
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