Commonwealth of Australia Consolidated Acts Commonwealth of Australia Consolidated ActsThis Division sets out the ways in which you can acquire a CGT asset and the time of acquisition.
The time of acquisition is important for indexation, and for the exemption of assets acquired before 20 September 1985.
Generally, you acquire a CGT asset when you become its owner. You can also acquire a CGT asset:
• as a result of a CGT event happening: see section 109-5; or
• in other circumstances: see section 109-10.
This Division also directs you to special acquisition rules in other Divisions.
Table of sections
109-5 General acquisition rules
109-10 When you acquire a CGT asset without a CGT event
109-15 Exceptions