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  • Choices



    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 – the way you prepare your tax return is sufficient evidence of your choice. However, there are some exceptions:

    • companies must make some decisions about replacement asset rollovers earlier
    • choices relating to the small business retirement exemption must be made in writing, and
    • a longer period is allowed to choose the small business rollover.
    Last modified: 04 Mar 2016QC 27527