CGT event |
Time of event |
Capital gain |
Capital loss |
---|---|---|---|
J1 Company stops being a member of a wholly owned group after a rollover |
when the company stops being a member of a wholly owned group after a rollover |
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 rollover 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 rollover 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 |
J4 Trust failing to cease to exist after rollover under Subdivision 124-N |
when the failure to cease to exist happens |
for the company – market value of the asset at the time the company acquired it less its cost base at that time for shareholder – market value of the share at the time the shareholder acquired it less its cost base at that time |
for the company – reduced cost base of the asset at the time the company acquired it less its market value at that time for shareholder – reduced cost base of the share at the time the shareholder acquired it less its market value at that time |
Reversal of rollover
Last updated 3 March 2016
QC27527