• Rollovers

    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 relation to a replacement asset or improved asset after a rollover under Subdivision 152-E

    when the change happens

    The amount mentioned in subsection 104-185(5)

    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 a 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 a shareholder: reduced cost base of the share at the time the shareholder acquired it less its market value at that time

    J5

    Failure to acquire a replacement asset and to incur fourth element expenditure after a rollover under Subdivision 152­E

    at the end of the replacement asset period

    the amount of the capital gain that you disregarded under Subdivision 152­E

    no capital loss

    J6

    Cost of acquisition of replacement asset or amount of fourth element expenditure, or both, not sufficient to cover disregarded capital gain

    at the end of the replacement asset period

    The amount mentioned in subsection 104-198(3)

    no capital loss

      Last modified: 09 May 2016QC 17157