If you receive an asset

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

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.