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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+).
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...
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...