INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS  

Division 112 - Modifications to cost base and reduced cost base  

Subdivision 112-B - Finding tables for special rules  

SECTION 112-53C   Water entitlement roll-overs  



Roll-over for water entitlements
Item In this situation: Element affected: See section:
1 You replace one or more water entitlements with one or more new water entitlements First element of cost base and reduced cost base 124-1120 and 124-1130
2 You have a reduction in one or more water entitlements that you own First element of cost base and reduced cost base 124-1145 and 124-1150
3 A CGT event happens to an asset you own as a result of the replacement of water entitlements First element of cost base and reduced cost base 124-1165


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