Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS  

Division 114 - Indexation of cost base  

SECTION 114-20  

114-20   When expenditure is incurred for roll-overs  

If there is a roll-over for a * CGT event happening in relation to a * CGT asset and the first element of the * cost base of the asset is the whole of the cost base of:

(a) for a * replacement-asset roll-over, the original asset; or

(b) for a * same-asset roll-over, the CGT asset;

you index that element as if expenditure equal to the amount in that element had been incurred in the * quarter in which the CGT event happened.