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Reversal of roll-over

Last updated 5 October 2009

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

QC27417