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  1. R

    Conflicting information on CGT between these forums and YIP

    You are interpreting the s.118-192(1)(aa) phrase "that use occurred for the first time after ... " as meaning "the first occurrence of that use after ... ". This is not a reasonable construction given it has been specifically inserted to emphasis the "first use" phrase in the title. This...
  2. R

    Conflicting information on CGT between these forums and YIP

    As the property was first used to produce income before 20 August 1996 then s.118-192 has no application. It can never apply according to s.118-192(1)(aa). Market value is irrelevant.
  3. R

    Conflicting information on CGT between these forums and YIP

    Your quoted text from the other forum conflicts with Notes 1 & 2 of ATO ID 2003/1113.
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