Tax Laws Amendment (Small Business Restructure Roll-over) Act 2016 (18 of 2016)
Schedule 1 Small business restructure roll-overs
Part 2 Other amendments
Income Tax Assessment Act 1997
2 Subsection 40-340(1) (at the end of the table)
Add:
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8 |
Transfer of asset under a small business restructure roll-over |
A roll-over under Subdivision 328-G would be available in relation to the asset if the asset were not a *depreciating asset. |