On the 1 July 1998 many sections in Part IIIA and its infamous lettering were changed. No longer will reference be made to old favourites such as s160ZZQ, rather there is a new Subdivision 118-B. The changes go well beyond the section numbers. The whole structure of the CGT provisions has changed and new terminology introduced. Some of the areas of uncertainty in Part IIIA have been clarified. Other 'small p' policy changes have also been made. This session explains the new structure, particularly the new concept of "CGT Events". It also examines some of the changes made from the old laww, providing practical examples of their impact.
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