• If you receive an asset

    Attention

    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.
    Last modified: 06 Oct 2009QC 18504