Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES

PART 3-80 - ROLL-OVERS APPLYING TO ASSETS GENERALLY

Division 615 - Roll-overs for business restructures

Guide to Division 615

SECTION 615-1 What this Division is about

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You can choose for transactions under a scheme to restructure a company ' s or unit trust ' s business to be tax neutral if, under the scheme:

(a) you cease to own shares in the company or units in the trust; and

(b) in exchange, you become the owner of new shares in another company.