Section 116Income Tax Assessment Act 1997 (Cth)

‑1  What this Division is about

This Division tells you how to work out what the capital proceeds from a CGT event are. You need to know this to work out if you made a capital gain or loss from the event.

Table of sections

116‑5 General rules

116‑10 Modifications to general rules

General rules

116‑20 General rules about capital proceeds

Modifications to general rules

116‑25 Table of modifications to the general rules

116‑30 Market value substitution rule: modification 1

116‑35 Companies and trusts that are not widely held

116‑40 Apportionment rule: modification 2

116‑45 Non‑receipt rule: modification 3

116‑50 Repaid rule: modification 4

116‑55 Assumption of liability rule: modification 5

116‑60 Misappropriation rule: modification 6

Special rules

116‑65 Disposal etc. of a CGT asset the subject of an option

116‑70 Option requiring both acquisition and disposal etc.

116‑75 Special rule for CGT event happening to a lease

116‑80 Special rule if CGT asset is shares or an interest in a trust

116‑85 Section 47A of 1936 Act applying to rolled‑over asset

116‑95 Company changes residence from an unlisted country

116‑100 Gifts of property

116‑105 Conservation covenants

116‑110 Roll‑overs for merging superannuation funds

116‑115 Farm‑in farm‑out arrangements

116‑120 Disposals of assets involving look‑through earnout rights

Sourced from the Federal Register of Legislation at 25 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

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