Income Tax: Revenue Law
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The $38,000 CGT made from the transfer of shares is a taxable component based on the fact that it is incurred after transfer of shares and its appreciation in value.
... In this case therefore, Bob can be considered to have reached a preservation age, and is therefore entitled to its benefits.
... ccording to ITAA 97, a superannuation fund is given on the premise that it must meet the sole purposes of providing super benefits to its members, it must not be any personal benefit to members, cannot carry on business and it cannot mortgage assets or borrow money....