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

End of attention

In some cases you are given a choice as to how the CGT rules apply to you. As a general rule, if you wish to make a choice you must make it by the day you lodge your tax return. Generally, the way you prepare your tax return is sufficient evidence of your choice.

However, there are some exceptions:

  • some replacement asset roll-overs for companies must be made earlier
  • choices relating to the small business retirement exemption must be made in writing
  • a longer period is allowed to choose the small business roll-over.
Last modified: 06 Oct 2009QC 27417