Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 136.25

    A CGT asset a company owns is taxable Australian property if:

  (a)   the company acquired the asset after 28   January 1988 and on or before 25   May 1988; and

  (b)   it acquired the asset as a result of a disposal (for the purposes of former Part   IIIA of the Income Tax Assessment Act 1936 ) for which there was a roll - over under former section   160ZZN or 160ZZO of that Act; and

  (c)   that disposal was by:

  (i)   an entity that was not a trustee, and not a resident of Australia for the purposes of that Act; or

  (ii)   an entity that was a trustee of a trust that was not a resident trust estate, or a resident unit trust, for the purposes of that Act.

Table of Subdivisions

137 - A--Granny flat arrangements

Table of sections

Operative provisions

137 - 10   Applicable CGT events