Tax Law Improvement Act (No. 1) 1998 (46 of 1998)

10   Amendment of Chapter 6 (the Dictionary) of the Income Tax Assessment Act 1997

133   Subsection 995-1(1)

Insert:

same-asset roll-over: a same asset roll-over allows you to disregard a *capital gain or *capital loss you make from:

(a) *disposing of a *CGT asset to another entity; or

(b) entering into an agreement with another entity that constitutes CGT event B1; or

(c) creating a CGT asset in another entity.

The same-asset roll-overs are listed in section 112-150.