Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 310 - Loss relief for merging superannuation funds  

Subdivision 310-D - Choice for assets roll-over  

SECTION 310-50   Choosing the form of the assets roll-over  

310-50(1)    
An entity that chooses a roll-over under this Subdivision must choose the form of the roll-over that applies to each of the following:


(a) the original assets that are not *revenue assets;


(b) the original assets that are revenue assets.

310-50(2)    
In respect of original assets that are not *revenue assets, the entity choosing the roll-over must choose either section 310-55 (global asset approach) or 310-60 (individual asset approach) to apply to the original assets and the corresponding received assets.

310-50(3)    
In respect of original assets that are *revenue assets, the entity choosing the roll-over must choose either section 310-65 (global asset approach) or 310-70 (individual asset approach) to apply to the original assets and the corresponding received assets.

Note:

The entity choosing the form of the roll-over may choose different forms of roll-over for its CGT assets and revenue assets.



View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.