ato logo
Search Suggestion:

M Have you applied a CGT exemption or rollover?

Last updated 12 February 2019

If the fund has capital gains disregarded or deferred as a result of an application of a CGT exemption or rollover, print X in the Yes box at M. Otherwise print X in the No box. If you selected Yes you may need to provide details of certain CGT exemptions or rollovers, if you are required to lodge a Capital gains tax (CGT) schedule 2013.

Print in the code box at M the appropriate code, from the list below, for the CGT exemption or rollover applied to disregard or defer a capital gain. Choose the most specific rollover or exemption that applies. For example, choose ‘Scrip for scrip rollover (Subdivision 124-M)’ before the more general rollover ‘Replacement asset rollovers (Division 124)’.

If more than one CGT exemption or rollover applies, select all the codes that apply. If you are lodging on a paper return, print the code that corresponds to the CGT exemption or rollover that resulted in the largest amount of capital gain disregarded or deferred.

CGT exemption or rollover code:

Code

Type

A

Small business active asset reduction (subdivision 152-C)

B

Small business retirement exemption (Subdivision152-D)

C

Small business rollover (Subdivision 152-E)

D

Small business 15 year exemption (Subdivision152-B)

F

Scrip for scrip rollover (Subdivision 124-M)

L

Replacement asset rollovers (Division 124):

M

Exchange of shares or units (Subdivision 124-E)

N

Exchange of rights or options (Subdivision 124-F)

O

Exchange of shares in one company for shares in another company (Subdivision 124-G)

P

Exchange of units in a unit trust for shares in a company (Subdivision 124-H)

Q

Disposal of assets by a trust to a company (Subdivision 124-N)

S

Same asset rollovers (Division 126)

X

Other exemptions and rollovers

See also  

QC35420