Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 115-40 115-40 Capital gain resulting from agreement made within a year of acquisition
Your *capital gain on a *CGT asset from a *CGT event is not a discount capital gain (despite section 115-5 ) if the CGT event occurred under an agreement you made within 12 months of *acquiring the CGT asset.
Note:
Section 115-30 or 115-34 may affect the time when you are treated as having acquired the CGT asset.
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