Income Tax Assessment Act 1997
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Hide history noteSECTION 118-222 118-222 Exemption available to other beneficiary who acquires the CGT asset after the principal beneficiary ' s death
This section applies to you in relation to a *CGT event if:
(a) the CGT event happens in relation to a *CGT asset; and
(b) you *acquired the CGT asset or your *ownership interest in it:
(i) as a result of an earlier CGT event; and
(ii) as a beneficiary of a trust; and
(c) section 118-220 applied to the trustee of the trust in relation to the earlier CGT event and the CGT asset.
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