Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

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

Division 125 - Demerger relief  

Subdivision 125-C - Consequences for members of demerger group  

Operative provisions

SECTION 125-155  

125-155   Certain capital gains or losses disregarded for demerging entity  

Any * capital gain or * capital loss a * demerging entity makes from * CGT event A1, * CGT event C2, * CGT event C3 or * CGT event K6 happening to its * ownership interests in a * demerged entity under a * demerger is disregarded.

Note 1:

The full list of CGT events is in section 104-5 .

Note 2:

This section will not apply if section 125-100 applies.