INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

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

Division 124 - Replacement-asset roll-overs  

SECTION 124-5   How to find your way around this Division  

124-5(1)  


First, find out if you can obtain a roll-over when your ownership of one or more CGT assets ends and you acquire one or more CGT assets: see Subdivisions 124-B to 124-R .
Note:

If you carry on a small business, you may also be able to obtain a roll-over under Subdivision 152-E .

124-5(2)  
Second, find out what the consequences are for being able to obtain a roll-over: see Subdivision 124-A .

Note:

The consequences of a scrip for scrip roll-over are set out in Subdivision 124-M . The consequences of replacing a statutory licence by a new statutory licence are set out in Subdivision 124-C . The consequences of an exchange of a membership interest in an MDO are set out in Subdivision 124-P . The consequences of an exchange of stapled ownership interests are set out in Subdivision 124-Q . The consequences of a roll-over for water entitlements are set out in Subdivision 124-R .

124-5(3)  
Third, find out if there are any special rules relevant to your situation: see the Subdivision under which you can get the roll-over.


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