C

    Capital gains tax - Specific types of disposal - Scope - Part disposals - 48055

    A part disposal arises where: - part of an asset is retained following disposal; or - an interest or right is granted over an asset. Special provisions apply to small part disposals of land (¶49050+).

    Option for special method of cost apportionment

    Option for special method of cost apportionmentIf you sell a piece of land which is part of a larger estate, a little known concession could save you some tax.General ruleThe general rule for...

    claim to adjust base cost for part disposal of land

    Claim to adjust base cost for part disposal of landWhen selling a small part of a piece of land you are still liable for capital gains tax (CGT). However, if conditions are met, you can make...