Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 315-10 315-10 Effect on the legal personal representative or beneficiary
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 .
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