EV 1052045323482currentnon-binding advice

CGT - pre-CGT assets The Commissioner made a private ruling confirming that the CGT assets acquired by a company from a unit trust are pre-CGT assets of the company on the basis that they have previously met the requirements of section 149-10 of the Income Tax Assessment Act 1997 (ITAA 1997) and the roll-over under Subdivision 122-A of the ITAA 1997 is chosen by the trustee of the unit trust in respect of the disposal of those assets.

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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