MLC301 Principles Of Income Tax Law - Assessment Questions

QUESTION 3. 2

Name the CGT assets, if any, under s 108-5 in the following situations.
(a) The creation of a work of art.
(b) Sale of a business as a going concern.
(c) The issue of new shares to a corporate shareholder.
(d) A negligent act that caused a school pupil to become permanently disabled.