EV 1052041562094currentnon-binding advice

CGT - pre-CGT assets The Commissioner made a private ruling confirming that the CGT assets of a unit trust which were acquired before 20 September 1985 have not stopped being pre-CGT assets pursuant to section 149-10 of the Income Tax Assessment Act 1997 on the basis that majority underlying interests in the assets were held by ultimate owners who had majority underlying interests in the assets immediately before 20 September 1985.

Non-binding edited private advice. This is an edited version of private advice the ATO gave to a specific taxpayer about their own circumstances. You cannot rely on it — it is not binding and provides no protection for anyone else (see PS LA 2008/4). Use it as a guide to the ATO’s thinking, not as authority.

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