• Other replacement asset rollovers

    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

    You may be able to defer a capital gain or capital loss when you replace an asset in the following circumstances (if you would like information on these rollovers, contact your tax adviser or the Tax Office):

    • an individual or trustee disposes of assets to, or creates assets in, a wholly owned company
    • partners dispose of assets to, or create assets in, a wholly owned company
    • a CGT event happens to small business assets and you acquire replacement assets
    • your statutory licence is renewed or extended
    • your property is converted to strata title
    • you exchange shares in the same company or units in the same unit trust
    • you exchange rights or options to acquire shares in a company or units in a unit trust
    • you exchange shares in one company for shares in an interposed company
    • you exchange units in a unit trust for shares in a company
    • a body is converted to an incorporated company
    • you acquire a Crown lease
    • you acquire a depreciating asset
    • you acquire prospecting and mining entitlements
    • you dispose of a security under a securities lending arrangement
    • a trust restructure ends your ownership of units or interests.
    Last modified: 04 Mar 2016QC 27527