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  • Reversal of roll-over

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    CGT event

    Time of event

    Capital gain

    Capital loss

    J1 Company stops being a member of a wholly owned group after a roll-over

    when the company stops being a member of a wholly owned group after a roll-over

    market value of the asset at the time of the event less its cost base

    reduced cost base of the asset less that market value

    J2 Change in status of a CGT asset that was a replacement asset in a roll-over under Subdivision 152-E

    when the change in status happens

    the amount of the capital gain that you disregarded under Subdivision 152-E

    no capital loss

    J3 A change happens in circumstances where a share in a company or an interest in a trust was a replacement asset in a roll-over under Subdivision 152-E

    when the change in circumstances happens

    the amount of the capital gain that you disregarded under Subdivision 152-E

    no capital loss
    Last modified: 06 Oct 2009QC 27417