Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS  

Division 122 - Roll-over for the disposal of assets to, or the creation of assets in, a wholly-owned company  

Subdivision 122-B - Disposal or creation of assets by partners to a wholly-owned company  

Replacement-asset roll-over if the partners dispose of all the assets of a business

SECTION 122-170  

122-170   Capital gain or loss disregarded  
If the partners choose a roll-over for * disposing of their interests in all the assets of a * business to the company, a * capital gain or * capital loss any partner makes from the disposal is disregarded.