Published on 01 Nov 03
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
For various reasons the ownership of interests in property may alter. For example, a joint owner of property may die, property which is in sole ownership may become a partnership
asset or, in the case of an asset which is already a partnership asset, the identity of the partners or of the fractional interests of the partners, may alter. Practitioners need to be aware of the potential revenue issues that such alterations can raise and this article
briefly considers some of these issues.