Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

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

Division 152 - Small business relief  

Subdivision 152-E - Small business roll-over  

SECTION 152-430  

152-430   15-year rule has priority  

This Subdivision does not apply to a *capital gain to which Subdivision 152-B (15-year exemption) applies.

Note:

Under that Subdivision, such a gain is entirely disregarded, so there is no need for any further concession to apply.