MLC301 Principles of Income Tax Law - Assessment Questions

QUESTION 3. 5

When are the following CGT Assets acquired (for each question please state the relevant section)?
(a) You enter into an oral contract to buy a house on 1 October 2015, and then subsequently sign a written agreement confirming your contract on 25 October 2015.
(b) On 1 January 2015 you contract with a builder to build and construct a new building on land you already own. The builder begins work on 1 February 2015. You are handed the keys on 1 March 2015.