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  • If you receive an asset



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

    End of attention

    If you receive a replacement asset when the event happens, you can choose a rollover only if:

    • the replacement asset is not a depreciating asset or held as trading stock when you acquire it, and
    • the market value of the replacement asset is more than the cost base of the original asset just before the event happened.
    Last modified: 04 Mar 2016QC 27527