Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 108.1

What this Division is about

This Division defines the various categories of assets that are relevant to working out your capital gains and losses. They are CGT assets, collectables and personal use assets.

It also tells you how capital losses from collectables and personal use assets are relevant to working out your net capital gain or loss.

It also sets out when land, buildings and capital improvements are taken to be separate CGT assets.

Table of sections

108-5        CGT assets

108-7        Interest in CGT assets as joint tenants



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