BA 3301 Lecture Notes - Lecture 47: Capital Asset, Meed, Issued Shares
Document Summary
You compulsorily acquire a cgt asset from another entity. An entity creates contractual or other rights in you. When the contract is entered into or the right created. Acquire a cgt asset without a cgt event s 109-10. You (or your agent) construct or create a cgt asset, and you own it when the construction is finished or the asset is created. A company issues or allots equity interests or non-equity shares in the company to you. A trustee of a unit trust issues units in the trust to you. When the construction, or work that resulted in the creation, started. When contract is entered into or, if none, when equity interests or non-equity shares issued or allotted. When the contract is entered into or, if none, when units issued. S 108-50 (cid:120) for cgt purposes, there are: Exceptions to the common law principles that what is attached to the land is part of the land; and.
