Non-binding edited private advice. This is an edited version of private advice the ATO gave to a specific taxpayer about their own circumstances. You cannot rely on it — it is not binding and provides no protection for anyone else (see PS LA 2008/4). Use it as a guide to the ATO’s thinking, not as authority.
Did CGT event C2 under subsection 104-25(1) of the
Income Tax Assessment Act 1997
happen in respect of the asset held by you as a result of the Transaction?