Section 109 — Income Tax Assessment Act 1997 (Cth)

This Division sets out the ways in which you can acquire a CGT asset and the time of acquisition.

The time of acquisition is important for indexation, and for the exemption of assets acquired before 20 September 1985.

Generally, you acquire a CGT asset when you become its owner. You can also acquire a CGT asset:

• as a result of a CGT event happening: see section 109‑5; or

• in other circumstances: see section 109‑10.

This Division also directs you to special acquisition rules in other Divisions.

Related sections

• s 104 — ‑1  What this Division is about
• s 106 — ‑1  What this Division is about
• s 108 — ‑1  What this Division is about
• s 110 — ‑1  What this Division is about
• s 112 — ‑1  What this Division is about
• s 114 — ‑1  Indexing elements of cost base

Research how courts apply s 109

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.