Australian Taxation Law CGT

Running Head: AUSTRALIAN TAXATION LAW
Australian Taxation Law
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1
AUSTRALIAN TAXATION LAW
Table of Contents
Part 1....................................................................................................................................2
Part 2....................................................................................................................................4
Reference list.......................................................................................................................7

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AUSTRALIAN TAXATION LAW
Part 1
CGT events under Income Tax Assessment Act 1997
Sections of the ITAA 1997 CGT event Time of Event
Sub 104-A Disposal of CGT asset When contract of
disposal is entered into or, if
none or when the entity stops
being the asset's owner
Sub 104-B Hire Purchase When the CGT asset
transferred (Bentley, D.,
2019).
Sub 104-C End of the CGT assets When compensation
is first received or when the
loss is discovered or
destruction occurred.
When the contract
asset is ended.
Sub 104-D Bringing into the existence of
CGT asset
When the contract is
made into or the when the
right is created.
Sub 104-E Trust When the trust is